Laura Ashley Holdings Plc (ALY.L) Wednesday released the Interim Results for the 26-weej period ended 28th July 2012, reporting rise in profit for the financial period in comparison with the corresponding period last year, on higher revenues.
The Group reported Profit for the six-month period of 6.2 million pounds, higher than profit of 5.3 million pounds reported for the corresponding period in the previous year.
Diluted earnings per share for the Interim period increased to 0.85 pence from 0.73 pence per share reported for the year-ago period.
Total Revenue for the six=month period increased to 145.4 million pounds from 135.3 million pounds reported for the same period in the previous year.
Commenting on the results, Tan Sri Dr. K P Khoo, Chairman, said: "In a sector that continued to see challenges through the period, we are very pleased to report a 13.7% increase in profit before taxation (excluding exceptional items) and a UK like-for-like sales growth of 3.9%. This growth is a result of our dedication to improving the customer experience, our multi-channel strategy and differentiated product offer…."
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