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ScS Group PLC - Sunderland, England-based upholstered furniture and flooring retailer - Says for the year ended July 29, it expects to report a full-year profit in line with market expectations, driven by ‘effective cost management and improved trading’. Pretax profit for financial 2022 was £16.4 million. Adds its financial position remains robust, with cash at July 29 of £69.5 million and no debt. Looking ahead, says it remains confident its strategy and strong balance sheet will ‘enable ongoing trading resilience’.
Current stock price: 170.00 pence, down 5.6% on Thursday
12-month change: up 12%
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