19th Jan 2016 07:40
LONDON (Alliance News) - ScS Group PLC on Tuesday said profit will beat market expectations in its full year after achieving strong trading over the Christmas and January sales period.
The furniture and floorings company said trading in the holiday period was strong, resulting in total like-for-like order intake in the 25 weeks ended January 16 growing 8.8% year-on-year.
As a result, ScS now expects profit in its full year to "significantly" beat current market expectations.
"Whilst we still have key trading periods over Easter and the two May bank holidays in the current financial year, we are delighted with the performance over the Christmas and January sales period and for the year to date," Chief Executive David Knight said in a statement.
ScS's financial year ends on July 25.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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