3rd Dec 2015 15:42
LONDON (Alliance News) - JD Sports Fashion PLC on Thursday said it expects that its headline profit before tax and exceptional items for the current financial year to January 31, 2016 is likely to exceed current consensus market expectations of GBP125.0 million by GBP10.0 million.
In giving its expectation, the sports retailer said it recognised the "critical importance" of trading through the remainder of December and early January, and noted "further infrastructure cost increases" during the year to support the increasing international development of the business
Overall, the company said that "relatively strong" trading has continued.
Shares in JD Sports were up 1.6% at 999.00 pence on Thursday afternoon.
By Samuel Agini; [email protected]; @samuelagini
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