ScS upholstery issues another profit warning

Since the interim results on 26 March 2008, trading has remained challenging.

Like for like sales order intake for the 8 weeks up to and including 10 May 2008 was down by 14%. The bank holiday weekend in isolation was ‘particularly disappointing’ with like for like sales order intake down 20% and total sales order intake down 19%.
Like for like sales order intake for the 41 weeks of this financial year are down 15% and total sales order intake down 11%.
‘Based on this bank holiday performance and the continuing difficult market conditions the Board expects that the profit for the second half will be reduced and will therefore result in the full year being below current market forecasts’ the company said in a statement.

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