JD pre-tax profit up 71 per cent - BikeBiz

JD pre-tax profit up 71 per cent

Sports chain's profits rocket
Author:
Publish date:
Social count:
0
38_Picture 1.jpg

JD Sports has announced that pre-tax profits have risen by over 70 per cent in the half year to August.

According to TheRetailBulletin, Pre-tax profits leapt from £5.3m to £9.1m on turnover, which was up 19 per cent at £299m. Underlying profits inreased by 54 per cent to £12.4m. Like-for-like sales were up by six per cent(5.9 per cent Sports Fascias; 6.7 per cent Fashion Fascias).

Peter Cowgill, Executive Chairman, said: 'We are delighted with the performance of the Group during the period. Trading has been very positive with improved like for like sales and gross margin generating a significant increase in profit before tax and exceptional items. We continue to invest in our store portfolio, systems and training to provide a solid platform for future growth."

Featured Jobs

cycles service promo

Shop Manager/ Head Mechanic

Cycleservice Limited I Sidmouth, East Devon I Salary: £22,000 Plus Share Incentives Available I Date Published Wednesday 30th May 2018

Sigma-Sports

Social Media Executive

Sigma Sports I Hampton Wick, Surrey I £22,000 to £24,000 per year I Date Published Monday 4th June 2018