N Brown Grp interim sales rise on clothing & footwear

11 Oct '05

3 min read

Leading direct home shopping retailer N Brown Group plc announces its Interim results for the 26 weeks to 27 August 2005.

Highlights:
• Group profit before tax up 45.1 percent to £23.5m (H1 2004: £16.2m)
• Group turnover improved by 8.6 percent to £237.3m (H1 2004: £218.6m)
• Core home shopping business increases operating profit by 23.3 percent to £29.6m (H1 2004 £24.0m) on turnover up 9.4 percent to £225.6m (H1 2004 £206.3m)
• Clothing and footwear product ranges improve sales by 9 percent
• Internet sales up 55 percent to £33m, representing 14 percent of turnover (H1 2004 internet sales 9.6 percent of turnover)
• Dividend per share increased by 4.6 percent to 1.82p
• Earnings per share up 44.6 percent to 5.71p
• Current trading for the 6 weeks to 8 October shows group sales growth of 6.6 percent, with core home shopping sales up 7.4 percent from continuing operations

Alan White, Chief Executive stated that this is an encouraging set of results in the current retail environment and they are particularly pleased with the growth across all their core home shopping customer and product segments.

They have made good progress rationalising their business to focus on their home shopping catalogues and integrating the House of Bath business acquired at the end of last year. They also continue to exploit opportunities to grow the business through their multi-channel approach, with the internet continuing to be a good source of revenue growth.

More Apparel/Garments News - United Kingdom...