Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Next profit up 9 pct, quiet start to new year

Thu, 21st Mar 2013 07:12

LONDON, March 21 (Reuters) - Next, Britain's secondbiggest clothing retailer, met guidance with a 9 percent rise inyear profit, driven by growth at its Directory internet andcatalogue business.

But the firm, which also trades from over 500 stores inBritain and Ireland and almost 200 stores in more than 30countries overseas, said on Thursday trading in its new year hadgot off to a quiet start - at the bottom of its 1-4 percentgrowth guidance for the 2013-14 year.

Next made an underlying pretax profit of 621.6 millionpounds ($940.6 million) in the year to end Jan. 2013.

That compares to Next's own guidance of 611-625 millionpounds, analysts' consensus forecast of 620 million pounds, and570.3 million pounds made in the 2011-12 year.

Earnings per share rose 16.6 percent to 297.7 pence, partlyreflecting a 241 million pounds share buyback.

Related Shares

More News
Today 16:42

London close: Stocks fall ahead of US Fed decision

(Sharecast News) - London markets closed lower on Wednesday, as investors digested the latest UK manufacturing data and anticipated an impending polic...

Today 08:57

LONDON MARKET OPEN: FTSE 100 shakes off New York slump before Fed

(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 brushing off some pre-Federal Reserve decision trepidation to re...

Today 08:54

TOP NEWS: Next first-quarter beats forecast and backs annual outlook

(Alliance News) - Next PLC on Wednesday said sales in its first quarter topped its forecast, and it maintained annual expectations but predicted a "we...

Today 08:27

Britain's Next keeps profit guidance after first-quarter sales rise

First-quarter full price sales up 5.7% *

Today 07:46

LONDON BRIEFING: GSK ups outlook; Next first-quarter beats forecast

(Alliance News) - Equities in London are called to open flat on Wednesday, ahead of the latest Federal Reserve interest rate decision, while a host of...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.