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Annual Results

Laura Ashley like-for-like sales up

10 April 2015 14:53

Laura Ashley Holdings posts pre-tax profits of £23.5m for the 53 weeks to the end of January - 14.6% up on last time.

Total group sales rose to £303.6m in the 53 week period (2014: £294.5m, 52 weeks).

Full year retail like-for-like sales rose by 1.3%.

A final dividend of 1.0p per share is proposed making a total dividend of 2.0p per share for the year (2014: Total dividend 3.5p per share).

Chairman Tan Sri Dr. K P Khoo said: "Set against the ongoing challenges of a competitive retail sector, I am pleased to report year on year increases of 3.1% in sales and 14.6% in profit before taxation.

"I am particularly pleased with our strong online growth and the enhancements made to our digital platform. This gives us the ability to showcase our distinctive products and bring our iconic British brand to a broader, worldwide consumer base. I am also very proud that over 35% of all retail Home sales come from products manufactured in the UK.

"We are committed to developing and growing the international franchise, licensing and online business as well as focussing on giving a high quality, multi-channel experience to our domestic and international customers.

"We are optimistic that the growth of recent years will continue as we develop, grow and improve our product ranges and optimise our business model. The strength and appeal of our Brand, allied to the enduring loyalty of our many worldwide customers, gives us confidence for future growth."

At 2:53pm: (LON:ALY) Ashley Laura Holdings PLC share price was +0.88p at 30.13p

Story provided by StockMarketWire.com

Related Company: ALY

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