Fashion brand and retailer French Connection Group has today announced that it expects profit-before-tax (PBT) to total £6.8 million for its full-year period.
The figure covers the 52 weeks to the January 31st and is a huge increase from its previous financial year which saw PBT equal £1 million.
In a statement released this morning French Connection claimed that the healthy profit level was due to “continuing strong performance in the wholesale division, growth in licensing income and good control of overheads”.
According to the statement, domestic trading for the UK-based retailer was broadly in-line with expectations set out in its recent interim management statement.
Other fashion specialists that have posted positive trading updates recently include womenswear company Alexon Group and Sweden-based H&M, demonstrating a healthy year across the sector.