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Interim Results

Laura Ashley like-for-like sales up

09 September 2015 09:12

Laura Ashley's like-for-like sales rose by 7% in the 26 weeks to 1 August but total group sales were down 3% at £139.7m.

Online revenue was up by 4.5% and hotel revenue increased by 44%.

Profit before taxation was £8.4m (2014: £8.5m) and the interim dividend is maintained at 1.00 pence per share.

Chairman Tan Sri Dr Khoo Kay Peng said: "I am pleased to report that our business has maintained the robust performance of recent years with a healthy increase in like-for-like, retail sales. Our UK business, buoyed by a strong performance from our online channel, has shown resilience and potential for continued growth. The hotel is realising its potential and is proving to be a valuable asset to the brand.

"We are encouraged as we enter the second half of the year. We will continue to work with our overseas franchisees to ensure that we maximise the international opportunities for our franchise partners and the Group. Development and improvement of our digital platform, which has been a core Group strategy over recent years, will remain a key focus as we strive to deliver a high quality, multi channel experience for our customers.

"The enduring appeal of our great British brand and the loyalty of our worldwide customers give us confidence and optimism that the growth of recent years should continue."

At 9:12am: (LON:ALY) Ashley Laura Holdings PLC share price was +0.63p at 28.38p

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