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John Lewis of Hungerford PLC - kitchen manufacturer and retailer - Posts sales of £10.3 million for the year ended June 30, up 30% from £7.9 million the year before. Pretax profit, however, declines to £13,559 from £80,534, as administrative costs increase to £4.0 million from £3.2 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
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