ScS profits up as boss hails year of ‘good progress’

SCS

ScS has said its financial health “has never been as strong”, following a year which saw both its profits and sales rise.

The furniture and flooring retailer reported a 4.6% uptick in underlying operating profit to £14.3m in its preliminary results for the 52 weeks ending July 27, 2019.

The retailer saw underlying EBITDA improve to £19.7m, while operating profit from continuing operations also inched up to £13.9m, up from £13.7m the previous year.

ScS boss David Knight said the group’s financial health “has never as strong” and hailed a year of “good progress” for the retailer.

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