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
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.