ScS Group PLC said Tuesday that they have experienced high performance in the first half of fiscal 2021, with a move to pretax profit on higher revenues.
The floor-and-furniture retailer made a pretax profit of 14.2 million pounds ($ 19.7 million) in the six months ended January 25, compared to a loss of GBP600,000 in the prior year period.
Revenue rose 14% year-over-year to GBP173.9 million, including an 81% jump in online sales.
Results were driven by pent-up demand delivery in June and July 2020, coupled with strong first-quarter order growth, the company said.
In the first seven weeks of the second half, temporary store closures caused an 87% year-over-year drop in similar order intakes, he said. Meanwhile, online orders in the seven weeks ended March 13 more than doubling the year.
No separation was announced for the half year. “The intention of the board payments board is to resume upon return of trade confirmation,” said ScS.