StockMarketWire.com - UK-focused retailer and manufacturer of PVCu replacement windows and doors, Safestyle UK, has reported an 8.4% rise in its revenue in 2019, to reach £126.2m.

In its final results for the 12 months ended December 31, 2019, the company said it restored to profitability in the middle of 2019 following the implementation of a 'turnaround plan'.

Underlying gross profit at the end of the year stood at £31.9m, a 19.6% increase when compared to 2018.

The group said it has had a strong start to 2020, with both sales and profit ahead of the last year and the business well positioned for delivery of our forecast.

However, the COVID-19 pandemic is creating significant uncertainty across the UK and international economy. The business said it is equipped to deal with the probable short-term adverse impact because of its improved net cash position, underpinned by a committed facility to October 2021 alongside a leaner cost base.


At 9:27am: [LON:SFE] Safestyle UK PLC share price was 0p at 21.3p



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