Thorntons sales fail to stem loss

THORNTONS has reported a loss for the year ending 25 June despite recording record sales figures.

Despite revenues of £218.3m, the chocolate maker, currently in the process of closing a number of high-street stores, made a pre-tax loss of £1.1m, down from a £6.1m profit in 2010.

Even deducting exceptional costs – largely made up of ongoing lease payments for closed high street stores – profits remain nearly 30 per cent weaker than last year at £4.3m.