Carpetright has reported a pre-tax loss of £11.7 million in the first half of its financial year as it continues to work through its restructuring plans.
The loss rose from £0.6 million in the same period last year.
In the first six months up until 27th October, the company made an underlying EBITDA loss of £1.7 million compared to a profit of £8.6 million in the previous year.
Group revenue was down by 15.7% to £191.1 million.
The company has announced that it is still on track to deliver £19 million in annualised cash savings by addressing legacy property issues. They have closed 65 underperforming UK stores in the period in order to achieve this.
Wilf Walsh, Carpetright chief executive, said: "This is a transitional year for Carpetright as we work through our restructuring plan. We remain on schedule and are confident that this activity is already starting to yield benefits. This is the first stage in returning the group to sustainable long-term profitability."
