DFS Furniture's annual profit plunges 66% amid shipping disruptions
25/09/2024 07:28
Sept 25 (Reuters) - British sofa retailer DFS Furniture
DFSD.L posted on Wednesday a 65.7% fall in its annual profit,
weighed down by weak consumer demand for big-ticket items and
supply chain glut due to shipping disruptions in the Red Sea.
The Doncaster-headquartered company's adjusted pre-tax
profit from continuing operations slumped to 10.5 million pounds
($14.07 million) for the year ended June 30, compared with 30.6
million pounds a year earlier.
($1 = 0.7460 pounds)
(Reporting by DhanushVignesh Babu in Bengaluru; Editing by
Sherry Jacob-Phillips)
((DhanushVignesh.Babu@thomsonreuters.com;))