9th Jun 2016 07:41
LONDON (Alliance News) - ScS Group PLC on Thursday said it expects full-year profit to be ahead of current market expectations after the momentum achieved in the first half of its financial year continued into the third quarter.
The furniture and flooring retailer said its total like-for-like sales order intake increased by 15% in the 45 weeks ended June 4. This came after it reported 8.8% growth in the 25 weeks to January 16 and 12% growth in the first 37 weeks of the year.
As a result, ScS expects to report full-year profit ahead of market expectations.
"We are delighted that trading through the two key May Bank Holidays exceeded our initial expectations and the group continues to show excellent progress on a like-for-like basis in all retail categories," Chief Executive David Knight said in a statement.
Shares in ScS were trading up 5.6% at 196.84 pence on Thursday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
SCS.L