Essential reading for retailers and suppliers in the home improvement market

Dobbies reveals pre-tax profit of £14.5m

Published: 21 November 2016 - Jenny Wonnacott

Dobbies Garden Centre has revealed that its pre-tax profits for the year to February 2016 - its final set of full accounts before its sale by Tesco to private investors in the summer - reached £14.5m.

Dobbies managed to scoop back a slice of profits following its catastrophic 2015 losses
Dobbies managed to scoop back a slice of profits following its catastrophic 2015 losses

Tesco sold Dobbies to Midlothian Capital Partners and Hattington Capital for £217m in August this year, after narrowing beating rival bidder Wyevale Garden Centres. Sales for the 52 weeks ending February 28 were £153.7m, up from £152.9m.

It follows the previous year's profit loss of £48.4m, putting it £41m in the red. This loss was put down to a £54.4m impairment on its assets.

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark

What do you think?


How was business over the Easter weekend?




Latest reader comments

re: B&Q CEO Michael Loeve to step down

Bq bob
He has slashed BQ employees salaries, removed our bonuses that were part of our contracts, removed our Sunday pay, reduced our bank holiday ...

re: Valspar world-first delivers tartan paint

mike jones
Great product! I notice he is also using the newly-invented left-handed version of the roller!...

re: Henkel sales manager retires

Ian
Congratulations JimEnjoy your retirement, should be a very interesting first few years, my second thought was after being with the.company ...

re: Second UK Bunnings Warehouse opens for trading

Richard
Good luck to all at Bunnings, a great store, great people!...

re: Scott Brothers become official UK distributor for Décor homewares

Joyce
Hi there. I would like to know where I can buy decor microsafe food containers here in uk. Many thanks. Joyce...

Most read stories