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Profit climbs at JD Sports Fashion

Profit climbs at JD Sports Fashion
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JD Sports Fashion saw its profit climb by 14.5 per cent during the opening six months of the financial year.

The sportswear retailer posted a profit before tax and exceptional items of £14.2 million for the half to August 1st, while revenue rose 8.4 per cent to £324 million.

Like-for-like sales at its stores - which include JD Sports, Size?, Scotts and Bank, were up 0.8 per cent in the six weeks to September 12th, the group added, something that may interest those trading shares in the company on the stock market.

Peter Cowgill, executive chairman at JD Sports Fashion, warned that its full-year result "remains very dependent on the sales and margin performance in December and January".

However, he stated that it is on track to meet forecasts, adding: "The group is well positioned to deliver on market expectations."

Shares in JD Sports Fashion were down following the announcement, falling 4.17 per cent to 575p at 14:30 BST.
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