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Shoe Zone PLC - Leicester, England-based footwear retailer - Swings to a pretax profit of GBP3.1 million in six months to April 2, from a loss of GBP2.6 million a year before. Revenue rises 73% to GBP69.9 million from GBP40.4 million. Attributes this to a good recovery from the pandemic, with higher store revenue, due to fewer restrictions.
Settles outstanding loan and reinstates interim dividend with a payout of 2.5 pence per share. Believes it is in a strong position now.
Current stock price: 151.80 p, down 1.5% on Tuesday
12-month change: more than double from 74.00p
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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