Furniture chain DFS has reported a strong bounce back in trading over the last three months.
The company posted a £81.2m pre-tax loss for the year to the end of June, compared with a profit of £22.4m for the same period last year.
Chief executive Tim Stacey said: “This has been an extraordinary year, unprecedented in the challenges posed by the closure of our showrooms, manufacturing and delivery capabilities for almost three months of our peak spring trading period.
“While the reported decline in profit is undoubtedly disappointing in headline financial terms, a significant proportion of this profit has already been recovered in the current year as we resumed customer deliveries.
“We believe that this growth is due to a combination of pent-up demand from lockdown, consumers spending relatively more on their homes and the strength of the DFS and Sofology propositions in particular.”