Frasers profits jump 8% on strong international retail sales

(Sharecast News) - Sports Direct owner Frasers Group posted an 8% rise in interim profits, driven by a strong jump in sales at its international division. The company posted pre-tax profits of £310m for the six months to October 29. Retail revenue was up 4% to £2.68bn, with international retail sales up 13.2% to £645.8m.

It added that strong trading momentum continued into the early weeks of the second half "especially at Sports Direct".

"We are looking forward to our Christmas trading period and remain confident of achieving adjusted profit before tax in the range £500m-£550m," Frasers said in a statement.

Reporting by Frank Prenesti for Sharecast.com