CMO swings to H1 profit as revenue jumps 63%

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Building materials retailer group CMO swung to a profit in the first half of the year as the acquisition of Total Tiles helped to improve revenue.

For the six months ended 30 June 2021, pre-tax profit increased to £0.5 million from a loss of £0.7 million, revenue increased by 63% to £38.2 million.

Looking ahead, the company said it remained 'confident of achieving continued double-digit sales growth in H2 to meet the board's expectations.'