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JD Sports H1 Profit Up; Sees Year-end Outturn Towards Upper End Of Market View

JD Sports Fashion Plc (JD.L), a retailer of sports, fashion and outdoor brands, reported Tuesday that its first-half profit before tax climbed 33 percent to 102.7 million pounds from last year's 77.4 million pounds.

Basic earnings per ordinary share grew 36 percent to 8.09 pence from 5.97 pence last year.

The company said the prior year has been restated to reflect the 5:1 share split which was approved by shareholders at a General Meeting on 24 November 2016.

Revenue for the period climbed 41 percent to 1.37 billion pounds from 970.6 million pounds a year ago.

Further, the company announced that it increased interim dividend payable per ordinary share by 4 percent to 0.26 pence from 0.25 pence last year.

Looking ahead, the company said it expects year end outturn to be towards the upper end of market expectations, which currently range from approximately £268 million to £290 million. The company remains confident that it is appropriately positioned to deliver further profitable growth and enhance long term shareholder value.

by RTTNews Staff Writer

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