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20/03/2014
Next Annual Profit Increases Of 11%
Clothing retailer Next, which is the biggest in the sector in Britain, has reported a pre-tax profit rise of 11.8%, to almost £700m.
The growth in its online and catalogue business, the retailer said.
Next total pre-tax profit was £695.2m to the end of January, comapred to the previous financial year it was £621.6m.
The combined catalogue and online Directory” division had the strongest growth by over 12.4% to £1.341bn and generated 50% of operating profit.
The firm has more than 500 stores in the UK and Ireland along with 200 outlets in some 30 other countries.
It forecast sales also grew this financial year from 4% to 8% with a pre-tax profit estimate of £750m.
Next shares have risen around 61% over the last year.
(CVS)
The growth in its online and catalogue business, the retailer said.
Next total pre-tax profit was £695.2m to the end of January, comapred to the previous financial year it was £621.6m.
The combined catalogue and online Directory” division had the strongest growth by over 12.4% to £1.341bn and generated 50% of operating profit.
The firm has more than 500 stores in the UK and Ireland along with 200 outlets in some 30 other countries.
It forecast sales also grew this financial year from 4% to 8% with a pre-tax profit estimate of £750m.
Next shares have risen around 61% over the last year.
(CVS)
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