6th Oct 2015 06:31
LONDON (Alliance News) - Ted Baker PLC on Tuesday reported a rise in profit in the first half of its financial year as it grew sales strongly in each of the regions in which it operates.
The luxury fashion retailer reported a 15% rise in pretax profit in the 28 weeks ended August 15 to GBP17.8 million from GBP15.6 million the year before, as revenue grew by a quarter to GBP226.8 million to GBP182.2 million.
Geographically, Ted Baker said sales grew in all of its regions. In the UK and Europe, sales rose 15% to GBP120.9 million, while North America sales increased 37% to GBP39.7 million and sales in Asia grew 31% to GBP7.6 million.
E-commerce revenue increased 64% to GBP22.9 million and wholesale revenue added 39% to GBP58.6 million.
Ted Baker will pay an interim dividend of 13.2 pence, up 17% on the 11.3p it paid the year before.
"This strong performance across all channels and territories is testament to the growing strength of Ted Baker as a leading global lifestyle brand. Through the passion of our team, supported by on-going and careful investment in the brand, we continue to attract customers both in the UK and overseas, who recognise our unwavering focus on quality, design and attention to detail," Chief Executive Ray Kelvin said in a statement.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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