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Dudley sofa group DM Midlands, owner of upholstery brands Ashley Manor and Alexander & James, grew half year sales after it made headway in the first quarter.


Revenue inched 1.4 percent* ahead to 1.64 billion Thai baht (£39m) in the six months to end June, after high growth in the first three months of 2018 outweighed a mid-single digit decline in the second quarter.


Figures for the first half of 2018 — along with those of Alstons, with whom it shares an owner in common — were disclosed in interim results for TCM Corp.


The Thai conglomerate acquired a majority position in DM Midlands in 2016.


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* in reporting currency; all exchange rates at Aug. 28, 2018



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