Connecting to LinkedIn...

Supergroup profits soar in impressive first half

W1siziisijiwmtuvmdmvmjuvmdevmtavmdavntevzmlszsjdlfsiccisinrodw1iiiwinjawedqwmfx1mdazzsjdxq

Fashion retailer Supergroup continues to go from strength to strength, and has reported an 86.4 per cent increase in profit before tax to £14.6 million for the six months to October 31st.

Its first-half results show that group revenue reached £90.3 million, with retail sales up 71.7 per cent to £54.4 million.

The company, which owns brand such as Superdry and Cult, has been one of the top performers on the London Stock Exchange this year, having gone public in March.

Basic earnings per share for the six months trading period were reported to be 11.3p.

Its share price at 08:32 GMT this morning stood at 1,353.10p per share, which was a value almost three times higher than the level it floated at in the spring.

Supergroup’s standalone store portfolio totalled 55 at the period end, but this has since grown to 59 thanks to more openings in the last month, including the company’s largest Cult outlet which opened in Glasgow’s St Enoch Centre.

Some 13 concessions opened during the first half too, including 11 womenswear-only outlets, bringing the total number of these offerings to 69.

Julian Dunkerton, CEO of Supergroup, said: “We are delighted to report such strong growth in the first half of the year with momentum established in both divisions.

“We are very pleased by the progress being made across the whole business, particularly with our recent autumn/winter range and the new store fit-out, which are delivering improved business performance and profitability.”

Published on Wednesday 15 December by Editorial Assistant

Articles similar to Supergroup

Articles similar to Financial results

comments powered by Disqus