NEWS

Mothercare more than doubles its half-year profit

Published on: 19th November 2015

Mothercare’s half-year profit more than doubled on Thursday, as the British business’ turnaround plan started to make progress.

Mothercare-480Showing 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.

 

 

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