9th May 2019 10:24
LONDON (Alliance News) - Findel PLC on Thursday said it expects its annual profit to clock in "slightly above" market forecasts.
Currently the market sees Findel's pretax profit for the year ended March 29 between GBP27 million and GBP28 million. A year ago, Findel's profit came in at GBP22.1 million.
The home furnishing retailer & education business said that its Studio division saw "good trading" in the seasonally quieter fourth quarter, with garden ranges benefitting from the warmer weather in early February and homeware ranges trading well.
Education saw an acceleration of its customer recruitment during the last quarter of the year and a further increase in online ordering levels, Findel added.
Findel will publish its annual results on 5 June.
Findel shares were trading 4.1% higher at 183.20 pence each.
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