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Profits fall by a fifth at DFS

dfsinsidestoreThe upholstered furniture retailer has reported a 22% fall in profits despite sales growing by £10.4m.

The preliminary results show for the 52 weeks ended 29 July 2017, gross sales rose 1.1% to £990.8m from £980.4m in 2016. Online sales rose by 10.7%, whilst Sofa Workshop achieved double-digit percentage sales growth and solid profitability during the year.

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