Cabinet furniture maker grows sales

Manufacturers of kitchen and bedroom doors & MDF wrapped mouldings for the cabinet furniture market, Trade Mouldings, has reported a growth in sales.

According to its latest filed accounts for the year ended 31 March 2020, total sales rose 2.9% to £24.2m from £23.5m in 2019.

Gross profit dipped from £7.3m to £6.9m, while pre-tax profit resulted at £2.2m, down 18.5% compared to its profit of £2.7m the previous year.

Stated within its report, the company said that performance has been “satisfactory” considering the current economic conditions.

Looking ahead, it remains confident of maintaining current trading levels.

According to its latest filed accounts for the year ended 31 March 2020, total sales rose 2.9% to £24.2m from £23.5m in 2019.

Gross profit dipped from £7.3m to £6.9m, while pre-tax profit resulted at £2.2m, down 18.5% compared to its profit of £2.7m the previous year.

Stated within its report, the company said that performance has been “satisfactory” considering the current economic conditions.

Looking ahead, it remains confident of maintaining current trading levels.