John Lewis of Hungerford PLC - kitchen manufacturer and retailer - Posts sales of GBP10.3 million for the year ended June 30, up 30% from GBP7.9 million the year before. Pretax profit, however, declines to GBP13,559 from GBP80,534, as administrative costs increase to GBP4.0 million from GBP3.2 million. Says the final quarter of the year was "impacted by disruption from Covid-19 within the factory in Wantage, with the highest level of interruption to production throughout the pandemic and a total of 81-man days lost".
Looking ahead, the company says it has entered the new year with a "robust" order book, inclusive of orders from financial 2022. Says it continues to "track the economic indicators, together with the supply chain challenges and the ongoing impact on pricing". It adds: "The unprecedented growth experienced in the year that we are reporting today, is a milestone for the company in its 50th Birthday year. It has been both demanding and exciting, for our teams across the business."
Current stock price: 1.43 pence, up 4.1% on Tuesday morning in London
12-month change: down 6.4%
By Xindi Wei, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2022 Alliance News Ltd. All Rights Reserved.