October 4, 2018 / 6:21 AM / a month ago

UK's DFS Furniture full-year profit hit by heat wave, lower demand

Oct 4 (Reuters) - British sofa specialist DFS Furniture on Thursday reported a 48.5 percent fall in full-year pretax profit, hurt by a summer heat wave in its final quarter and lower consumer demand.

The upholstery retailer, which was founded in 1969, said pretax profit fell to 25.8 million pounds ($33.36 million) in the year to July 28, from 50.1 million pounds a year earlier. ($1 = 0.7733 pounds)

Reporting by Tanishaa Nadkar and Noor Zainab Hussain in Bengaluru; Editing by Gopakumar Warrier

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