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Mothercare profits rise - ToyNews

Mothercare profits rise

Mothercare's latest full-year results show a rise in both profit and turnover.
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The firm reported a better than expected 70.8 percent increase in underlying pretax profit, raised its dividend 20 percent and issued a confident outlook statement.

For the year to March 29 2008 the group made an underlying pretax profit of £38.6m on group sales up 3.6 per cent to £703.6m.

"Although there is some caution about the UK consumer environment, we are well placed as we enter the new financial year," said chief executive Ben Gordon.

"Our prospects for growth are driven by further benefits from the acquisition of the Early Learning Centre, international expansion opportunities, strong momentum in our Direct business and the reshaping of the combined UK property portfolio."

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