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John Lewis of Hungerford

  • BY: Andrew Hore |
  • POSTED: 05/04/2012 |

Upmarket kitchens supplier John Lewis of Hungerford reported a higher interim loss in the six months to February 2012.

Management blames reduced customer activity and confidence in December and January, which were well down on the previous year.  This followed a strong first quarter.

Revenues fell from 2.72m to 2.46m, while the loss rose from 146,000 to 244,000. John Lewis made a profit of 136,000 in the year to August 2011. There was 587,000 in the bank at the end of February 2012.

There are some signs of improvement but trading levels will be lower than last year. Newer showrooms are increasing sales and an additional site has been opened in Cirencester. No further sites are currently planned.

At 0.66p a share, down 0.05p, John Lewis is valued at 1.22m.

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