24th Mar 2016 07:16
LONDON (Alliance News) - Next PLC on Thursday reported growth in profit in its recently ended financial year, as it grew sales in both the directory and retail businesses, but noted that 2016 will be a challenging year due to an uncertain global economic environment.
The fashion and homewares retailer said pretax profit in the year to January grew to GBP836.1 million from GBP794.8 million the year before, as revenue rose to GBP4.18 billion from GBP4.0 billion.
By division, sales in the online and catalogue business Next Directory increased by 8%, while sales in the store business Next Retail were up by 1%.
Next will pay a total dividend of 158 pence for the year, which is a 5% increase on the prior year.
"2016 will be a challenging year with much uncertainty in the global economy. For Next it makes it particularly important that we remain focused on our core strategy of delivering long term sustainable growth in earnings per share, investing in the business, improving the design and quality of our products and returning surplus cash to shareholders," Next said in a statement.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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