- Upholstered furniture and floorings retailer ScS booked a 4.4% rise in annual profit but said it had experienced a more challenging start to the new financial year.

Pre-tax profit from continuing operations for the year through 27 July rose to £14.3m, up from £13.7m on-year.

Revenue rose 1.5% and gross margin was steady at 45.0%.

ScS declared a final dividend of 11.2p per share, bringing its full-year dividend to 16.7p per share, up 3.1% on-year.

'Whilst it is still very early in the new financial year, the group has had a more challenging start to the 2020 financial year,' the company said.

Like-for-like order intake had fallen 7.6% for the period from 28 July to 29 September.

On a two-year basis, like-for-like order intake was down 3.0%.

'The period has been impacted by the record temperatures seen over the key August bank holiday weekend and the increased political and economic uncertainty that the UK is currently facing,' ScS said.

At 9:53am: [LON:SCS] SCS Group Plc share price was -15.5p at 221.5p

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