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Laura Ashley reports 15 pct jump

Friday, September 05 08:10:13

Fashion and homewares retailer Laura Ashley Holdings Plc reported a 14.9 percent rise in first-half pretax profit, helped by strong growth in online sales in the UK.

The company said pretax profit rose to 8.5 million pounds in the 26 weeks to July 26 from 7.4 million pounds a year earlier.

Total group sales rose 4.9 percent to 144 million pounds.

The retailer said e-commerce revenue rose 6.1 percent to 22.5 million pounds during the period.

The 61-year-old company, which is known for its feminine and floral designs, said like-for-like sales were up 8 percent in the five weeks to Aug. 30. (Reuters)

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