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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.