Fitted furniture supplier posts £4m profit

Fitted kitchens and fitted wardrobes supplier Sigma 3 has reported a growth in sales as turnover climbed towards £30m.

According to its latest filed accounts for the year ended 30 September 2021, total sales rose 37.5% to £28.3m from £20.6m in 2020.

Gross profit increased from £9.1m to £13.6m, while pre-tax profit resulted at £4m, significantly improving from its £1.2m profit recorded the previous year.

Stated within its report, the company said sales growth was due to reduction in restrictions arising in response to the Covid-19 pandemic.

Gross margin increased ‘marginally’, Sigma said, which was due to the increase in productivity.

Save this article for later

You can revisit this article if you save it as favourite news!

Leave a Comment

MORE ARTICLES

Jason Stone, CEO at bedroom furniture supplier Harmony Furnishings, talks about the launch of its new catalogue and collections, as well as the appointment of...