24-09-2020 09:48 via retailgazette.co.uk

DFS swings to full year loss as Covid-19 lockdown affects trading

// DFS revenue declines in the year to June 28 due to Covid-19 lockdown forcing store closures
// The sofa retailer also made an underlying pre-tax lossDFS has seen its revenue drop after trading was impacted by store closures due to the Covid-19 lockdown.
In the year to June 28, group revenue fell to £724.5 million from £901 million a year earlier.
In addition, the sofa retailer made an underlying pre-tax loss pre-IFRS 16 of £56.8 million, driven by reduced margin from lower r
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