Results5 Sep 2014 08:43
· Total Group sales up 4.9% to £144.0m (2013: £137.3m)
· Like-for-like retail sales up by 1.2%
· Profit before taxation up £1.1m (14.9%) to £8.5m (2013: £7.4m)
· Profit before taxation (excluding exceptional items) up £0.7m (9%) to £8.5m (2013: £7.8m)
· e-Commerce revenue up by 6.1%
· International business up by 13.6%
· £13.8m net cash balance
· Second Laura Ashley Hotel launched
· Interim dividend maintained at 1.00 pence per share (2013: 1.00 pence per share)
· Trading for the five weeks to 30 August is up 8% on a like-for-like basis, taking the cumulative like-for-like performance for the year to +2.3%.
Commenting on the results, Tan Sri Dr Khoo Kay Peng, Chairman, said:
"In what continues to be an extremely competitive sector, we are pleased to report an increase in profit before taxation of 14.9% and sales growth of 4.9% over the first half compared to the same period last year. We are particularly pleased with growth of 13.6% in our international business and with the improved performance of our e-Commerce business. We are very proud of the second Laura Ashley hotel, The Belsfield, which was launched at the end of July 2014 to both customer and media acclaim.