Mothercare’s half-year profit more than doubled on Thursday, as the British business’ turnaround plan started to make progress.
Showing strong UK margin growth, the retailer reported that its underlying profit before tax rose 112% to £7m in the six months to 10th October.
It also revealed that sales at UK stores open over a year rose 3.8%, with total UK sales up 0.4% to £236.6m. The division more than halved its loss to £6.1m.
However, underlying profit for its international business fell 14.2% to £21.7m on adverse currency moves.