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Ted Baker H1 Pretax Profit Rises; Group Revenue Up 14.0% - Quick Facts

Ted Baker Plc (TED.L) reported that its profit before tax increased by 17.8% to 25.3 million pounds for the 28 weeks ended 12 August 2017 from 21.5 million pounds, previous year. Profit for the period was 19.3 million pounds or 43.1 pence per share compared to 16.3 million pounds or 36.6 pence per share. Profit before tax and exceptional items increased by 12.7% to 24.2 million pounds from 21.5 million pounds. Adjusted earnings per share was 41.2 pence compared to 36.6 pence.

First-half Group revenue increased by 14.0% (9.5% in constant currency) to 295.7 million pounds from 259.5 million pounds, prior year. Retail sales were up 13.9% (9.2% in constant currency) to 217.7 million pounds. E-commerce sales were up 43.8% (40.7% in constant currency) to 42.7 million pounds. Wholesale sales increased by 14.1% (10.2% in constant currency) to 78.0 million pounds.

Ray Kelvin CBE, Chief Executive, said: "The Ted Baker brand has continued to perform well and in line with our expectations across all distribution channels. Whilst trading conditions in some of our markets remain challenging, we are confident of making further progress for the full year, in line with our expectations."

The Board has declared an interim dividend of 16.6 pence, representing an increase of 12.2%, which will be payable on 17 November 2017 to shareholders on the register at the close of business on 20 October 2017.

by RTT Staff Writer

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