Source - SMW
Joules Group's underlying pre-tax profits rose by 41.5% to £7.5m in the 52 weeks to 29 May.

Group revenues rose to £131.3m - up  14.2% for the comparable 52 week period in 2015 - and underlying EBITDA increased by 28.6% to £13.5m.

Chief executive Colin Porter said: "FY16 was a transformational year in the development and expansion of the Joules brand which included our successful admission to AIM in May. 

"We have delivered strong growth across our Retail and Wholesale channels, significantly increasing profitability by effectively leveraging our operating cost base. 

"Our active customer base and international sales have also grown impressively, all of which is great testament to the growing strength and appeal of Joules as a premium lifestyle brand.

"Group trading to date in FY17 has been in line with expectations and early feedback on our spring/summer 17 ranges from our trade customers has been positive.  

"The group has a clear growth strategy, underpinned by the consistent quality and design of our products and the skill and commitment of our enterprising team.

"The board remains confident in the brand's long term development in the UK and internationally."

At 8:00am: (LON:JOUL) Joules Group Plc share price was -2p at 190p