Kamis, 18 Juli 2013

Sports Direct profits and sales jump

Mike AshleyMajority shareholder Mike Ashley also owns Newcastle United football club

Sports Direct has reported a big jump in sales and profits after what the retailer's chief executive Dave Forsey said was a "record-breaking year".

Annual pre-tax profits rose 40% to £207.2m, on sales up 30% to £2.19bn.

Mr Forsey said sales in the first half of the financial year had benefitted from the Olympics and football's European Championships.

The 400-store retailer, 64%-owned by Mike Ashley, has seen its shares rise more than 40% over the past year.



Source: BBC News - Business http://www.bbc.co.uk/news/business-23353534#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa