Source - SMW
JD Sports Fashion's revenues rose by 20% to £970,565,000 in the 26 weeks ended 30 July. Operating profit (before exceptional items) rose by 63% to £77,650,000 and profit before tax and exceptional items increased by 66% to £77,411,000. 

The interim dividend of 1.25p per share is up from 1.20p last time.

Executive chairman Peter Cowgill said: "I am delighted to report that this has been another period of excellent progress for the Group with a record profit before tax and exceptional items of £77.4 million. 

"Given that last year's result was in itself a record for our Group then to increase this by a further 66% has exceeded reasonable expectations.

"The favourable trends for athletic inspired footwear and apparel in Europe have continued into this year.

"We are very much at the centre of this market with our success being a positive consequence of the investments we have made over a number of years to develop the JD retail concept.

"Notwithstanding the demanding comparatives going forward following the strong revenue growth in the previous three years, the positive nature of trading in the second half to date is encouraging."



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