The Works posts profit fall but says strategy bearing fruit

The Works store exterior

Crafts, toys and books retailer The Works has posted a fall in full-year profits but said current trading is in line with expectations.

Delayed results showed The Works generated adjusted pre-tax profit of £10.1m last year, down from a restated £16.5m the year before, in a period during which business rate costs increased by £5.8m as Covid-19 assistance ended.

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