Office annual sales reach 298.7 mn pounds

In accounts recently submitted with Companies House UK, Office said that despite tough trading environment in the UK, the company managed to achieve sales of 298.7 million pounds (404.5 million dollars) in the 53 weeks to July 2, 2017 against 170 million pounds (230 million dollars) last year. The company had posted sales of 387.8 million pounds (525 million dollars) in the prior 74-week period. The company was acquired by South Africa’s Truworths in 2015.

The company said, EBITDA for the year under review reached 32.4 million pounds (43.8 million dollars) against 37.6 million pounds (50.9 million dollars) reported in the prior 74-week period. Pre-tax profit for the period dropped to 25.9 million pounds (35 million dollars) from 29.3 million pounds (39.6 million dollars).

Office trades from 118 stores and 38 concessions in the UK, Republic of Ireland and Germany apart from an online platform. Its concessions are with House of Fraser, Selfridges, Arcadia and Brown Thomas.

Picture:Facebook/Office