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Wednesday March 26th 2008

ScS not sitting comfortably

First half 'challenging'

Like for like sales order intake was down by 15 per cent and revenue of £91.8m was £13.5m (13 per cent) less than the comparative period.

Gross margin at 47.2 per cent (2007: 48.4 per cent) during the first half was virtually unchanged from the 47.4% for the ten months to 28 July 2007.The trading loss for the period was £8.8m (2007: trading profit £3.3m). 'This has been an extremely challenging trading period and we are under no illusions about the economic trading environment' said chairman Mike Browne. 'Whilst we remain confident of a profitable second half, we will continue to manage the business on the basis that we are unlikely to see any upturn in economic conditions for some time,' he added.


Tagged as: scs | consumer | trading

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