The DIY specialist has reported pre-tax profit after exceptional costs of£128,000 for the year to February 26, up from a loss of£86,000 the year before. Turnover also increased from£3.4 million to£16.2 million.
Exceptional costs of£278,000 were incurred through closing the head office of Leveys - a chain of DIY stores in the north of England comprising 17 sites. Announced last October, the Leveys acquisition brings the retailer's store portfolio to 73.
Strategic Retail chairman Ian Currie said: 'I now believe that the businesses are better placed to face the difficult trading conditions and slowdown in consumer spending that we have experienced since the start of the year. The company continues to search for new store locations and appropriate companies to acquire.'
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