SCS Group PLC (LON:SCS) has delayed its interim results following the coronavirus policy changes announced by the government yesterday.
PM Boris Johnson urged people to avoid pubs, clubs and other social gathering events, while those with health risks or over-70 were even urged to stop going to shops.
SCS expects to report the formal numbers by the end of the week, but said it is reviewing yesterday's announcement with its auditors.
In a trading update, ScS indicated revenues to 25 January would be up 0.3% at £152mln with pre-tax profits losses reduced to £600,000 from £1.3mln.
Orders had also picked up 3.3% in the second half, said the sofa maker, which had reduced the rate of order decline to 3%.
David Knight, chief executive, said this was a significant improvement on trading for the first 26 weeks of the year, which had seen a like-for-like order intake decline of 4.4%.
Knight cautioned, however, that footfall had tailed off in the past week and it is mindful of the potential impact of coronavirus on sales.
“Management has considered severe but plausible downside sensitivity scenarios but these do not include the most severe of possibilities, for example, the group's stores being forced to close for a prolonged period.”
“We believe the group is as well-positioned as it can be,” he added.
The sofa maker had a cash balance of £61.5mln at the half-year and maintained its interim dividend at 5.5p.