Listed flooring distributor Likewise Group increased sales during a challenging first half but profits dipped. Meanwhile, the company’s chief financial officer has revealed plans to step down for personal reasons.
Total sales revenue reached £66.6m in the six months to 30 June 2022, up by 17.3 per cent from £56.8m in the first half of 2021.
Likewise made pre-tax losses for the period of £490,029, down from profits of £85.8. Adjusted underlying pre-tax profits of £700,000 were generated, falling from £1.9m.
Likewise Group PLC (LON:LIKE) is a distributor of floorcoverings and matting and has the opportunity to consolidate the domestic and commercial floorcovering markets to become one of the UK’s largest distributors in this sector.