Creightons annual profit rises as revenue jumps on branded sales strength

Wed, 21st Jul 2021

Haircare and skincare company Creightons reported a rise in profit following a jump in revenue, led by strong branded sales growth. For the year ended 31 March 2021, pre-tax profit jumped to £5.2 million from £3.6 million year-on-year as revenue rose by 28.9% to £61.6 million. Branded sales increased by 157.2% in the period, with the Pure Touch hygiene brand delivering £14.6 million of sales. 'Sales growth of our branded products was driven by higher retail position brands such as Feather & Down, which continues to perform with current customers and extended distribution, and The Curl Company with wider distribution in both the UK and overseas,' the company said. The company proposed a final dividend 0.50 pence per share, unchanged from last year. Story provided by StockMarketWire.com

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