Dune's annual results hit by House of Fraser collapse and challenging retail

For the year to January 26, 2019 Dune Group reported pre-tax profit before exceptional costs of 4.3 million pounds compared to 3.8 million pounds in 2018, which the company said, was achieved despite structural changes at a key concession partner, House of Fraser, which resulted in the closure of their website for several weeks and a 1.2 million pounds debt write-off, following their administration in August 2018. The company’s turnover reached 143.8 million pounds compared to 150 million pounds in the previous year, while operating profit dropped to 3.5 million pounds (4.5 million dollars) against 4.4 million pounds in 2018.