NEWS

WH Smith annual profit up

Published on: 15th October 2015

The company reported a rise in pre-tax profit in its recently ended financial year, thanks to a sales boost in its travel division and high street stores.

whsmith480The stationery and books retailer reported an 8% rise in pre-tax profit in the year ending 31st August 2015, as it rose from £112 million last year, to £121 million this year. Revenue grew 1% from £1.16 billion to £1.18 billion, but like-for-like sales remained flat.

WH Smith said its high street business saw a stronger second half in its stationery and books categories, whereas its travel business performed well with strong sales across all channels in the UK, due to ongoing investment.

Chief executive Stephen Clarke said: “Looking ahead, our focus will remain on profitable growth, cash generation, investing in new opportunities and evolving our customer proposition, all to ensure we are well-positioned for the future.”

RECENT ARTICLES

Friday Blog

Plan ‘A’ all the way …it’s the Friday Blog!

Little Tikes launches Rescue Tales for autumn/winter

PoundToy launches ‘authentic’ new TV campaign

The Point.1888 appoints Hornby’s Aurélie Dilain-Waclawski

John Lewis retains cautious outlook despite greatly improved first half results

YouTube’s Vlad & Niki surpasses 200m subscribers worldwide

Spielwarenmesse Toy Business Forum to bolster ToyAcademy expertise

Bratz is back with special 20th anniversary dolls

Wild response to PlayMonster UK’s #FairiesForNature campaign

Disguise recruits pair to lead EMEA market growth