Profit almost halves at bed manufacturer

Bed manufacturer Dura Beds has reported a decline in both sales and profit.

According to its latest filed accounts for the year ended 30 November 2019, total sales fell 4.2% to £13.6m from £14.2m in 2018.

Gross profit declined from £5m to £4.9m, while pre-tax profit resulted at £559,000, down from £1m the previous year.

Stated within its report, the company said that its gross profit margin increased from 35.44% to 36.12%, while net profit margin reduced to 4.09% from 7.66% year-on-year.