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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.

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