Halfords increases sales, profits

The 408-store group reports "strong growth in cycles and in-car technology products.
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Halfords Group plc today released its Preliminary Results for the 52 weeks ended 31st March 2006.

Revenue was £681.7m up by 8.5 per cent over the 2005 total of £628.4m. Like-for-like sales were up 6.1 per cent. Operating profit was £89.1m.

Pre-tax profit was up 3.6 per cent to £77.0m.

CEO Ian McLeod said:

"Halfords has continued to grow sales and cash margin in a challenging trading environment. During the year we have strengthened Halfords market-leading positions in needs-driven car maintenance products and cycling while becoming the destination store for in-car technology."

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