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25 Jan 2019 | 07:59

Findel expects profits at upper end of market expectations following strong Q3

Online retailer Findel said it expected pre-tax profit to come in toward the upper end of market expectations amid record sales in the weeks leading up to Black Friday.

Analysts predict the Findel's pre-tax profits in a range of £26.0m to £28.0m, above £24.4m it reported last year.

For the 15-week period to the end of December 2018, revenue rose 10.9% as a 13.7% jump in studio revenue offset 8.9% decline in its education division. 'We delivered record-breaking sales and strong margin performance in the weeks leading up to Black Friday and consequently we now anticipate full year PBT3 to be towards the upper end of current market expectations,' the company said.

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