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Share Price: 9,120.00
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Ask: 9,126.00
Change: 16.00 (0.18%)
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Open: 9,156.00
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Next annual profit jumps 12.5 pct

Thu, 19th Mar 2015 07:15

LONDON, March 19 (Reuters) - British clothing retailer Next met guidance with a 12.5 percent rise in year profit,powered by sales growth at both its stores and Directoryinternet business.

The firm, which trades from over 500 stores in Britain andIreland and almost 200 stores overseas, said on Thursday it madean underlying profit before tax of 782 million pounds ($1.16billion) in the year to end-Jan. 2015.

That compares to Next's own guidance of 765-785 millionpounds and 695 million pounds made in the 2013-14 year.

Underlying earnings per share (EPS) rose 15 percent to 420pence and the ordinary dividend was increased by 16 percent to150 pence a share.

Next forecast sales growth of 1.5-5.5 percent for its2015-16 year, with pretax profit of 785-835 million pounds.($1 = 0.6716 pounds) (Reporting by James Davey; editing by Kate Holton)

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