27th Nov 2018 11:47
LONDON (Alliance News) - Quiz PLC said Tuesday that it is confident in its outlook for the rest of the year after reporting an increase in its interim profit and revenue.
For the six months to September 30, the fashion retailer posted pretax profit of GBP3.8 million, 4% higher compared to GBP3.7 million a year ago.
Revenue for the period increased 19% year-on-year to GBP66.7 million from GBP56.1 million, with earnings before interest, taxes, depreciation and amortisation up 11% to GBP5.6 million from GBP5.0 million.
Online revenue was up 44%, International rose by 16% and UK stores and concessions was up 9%.
Chief Executive Officer Tarak Ramzan said: "Quiz has continued to deliver good revenue growth in the first half of the financial year despite challenging external market conditions. This performance was driven by further expansion across each of the brand's distribution channels with particularly strong sales generated online through Quiz's websites."
Quiz proposed an interim dividend of 0.4 pence per share, to be paid in March 2019.
Looking ahead to the second half, the company said it believes it is "well positioned to deliver long-term profitable growth". Its annual results, however, will be determined by trading in the key Christmas period.
Quiz shares were trading up 1.3% at 44.08p each on Tuesday.
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