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Date: Tuesday 02 Sep 2008

LONDON (ShareCast) - Aim listed home furnishing firm Smallbone said pre-tax profit for the six months ended 30 June 2008 soared 201% but remains 'cautious of the rapidly changing economic outlook and slow down in new orders.'

The group, which also announced a £8.3m acquisition of Christopher Peacock Cabinetry, said pre-tax profit surged to £620,000 in the six-month period from £206,000 the same time a year earlier. Sales increased 14.6% to £30.4m.

While Smallbone offered a cautionary outlook in the short term, it was more optimistic about longer-term prospects, underlined by its record £34m order book, an increase of 7.6% from the year before.

The group expects the acquisition of Christopher Peacock Cabinetry to be earnings enhancing in the first year.

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