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Luxury furniture and interior design company Walker Greenbank booked a 10% fall in first-half profit after rising sales were offset by one-off acquisition and restructuring costs.
Pre-tax profit for the six months through July fell to £3.5m, down from £3.9m on-year.
Revenue rose 2.2% to £55.9m, while adjusted profit rose 14% to £4.9m.
Walker Greeback cut its interim dividend to 0.52p, down 25% on-year.
'Trading in the first half of the year was in line with the board's expectations and continues to reflect the challenges affecting the consumer sector both in the UK and internationally,' chairman Dianne Thompson said.
'We have made significant progress with our strategy review and have begun taking steps to increase the focus of the business going forwards to drive sales and increase efficiency.'
'At this stage of the year, as we enter the autumn selling period, we continue to expect the full year out-turn to meet the board's expectations.'