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IN BRIEF: ScS full-year profit to meet market expectations

3rd Aug 2023 10:52

ScS Group PLC - Sunderland, England-based upholstered furniture and flooring retailer - Says for the year ended July 29, it expects to report a full-year profit in line with market expectations, driven by "effective cost management and improved trading". Pretax profit for financial 2022 was GBP16.4 million. Adds its financial position remains robust, with cash at July 29 of GBP69.5 million and no debt. Looking ahead, says it remains confident its strategy and strong balance sheet will "enable ongoing trading resilience".

Current stock price: 170.00 pence, down 5.6% on Thursday

12-month change: up 12%

By Sabrina Penty, Alliance News reporter

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