14th Apr 2016 06:39
LONDON (Alliance News) - JD Sports Fashion PLC expressed confidence on its outlook after delivering a rise in annual pretax profit driven by strong like-for-like sales growth.
The FTSE 250-listed sports clothing and trainers retailer said its pretax profit for the 52 weeks to January 30 was GBP131.6 million, up 45% on the GBP90.5 million it made a year earlier.
Revenue grew to GBP1.82 billion in the recent financial year, up 20% from GBP1.52 billion a year earlier, helped by like-for-like stores sales growth of 12%, the second consecutive year like-for-like sales growth has topped 10% for the company.
The company will pay a final dividend of 6.20 pence per share, up 5.1% year-on-year, taking its total payout up to 7.40p from 7.05p the year before.
JD Sports said the roll-out of its European business has continued, with a net increase of 38 JD Sports stores across the continent in the year, while encouraging progress has been made on its outdoor clothing operation within a challenging market.
"Given that last year's result was a record for our group then the performance in the year was very pleasing, further demonstrating the increasing influence of the JD fascia in the UK and beyond," said Executive Chairman Peter Cowgill.
"We are encouraged by the continued positive trading across our core fascias in the year to date and the board continues to believe that the group is very well positioned for profitable growth," he added.
By Sam Unsted; [email protected]; @SamUAtAlliance
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