Spar wholesaler James Hall has reported a 62% drop in full-year pre-tax profits to £3m.

Turnover slipped 1.9% to £490m in the year to 24 March 2014, in accounts filed at Companies House. However, operating profits rose 0.8% to £5.7m during the year.

James Hall’s financials in 2013 benefited from £5.3m in exceptional profit on the sale of its former depot and head office in Blackpool Road, Preston, as well as a 53-week period.