Source - SMW
Fashion retailer Superdry posted a rise in underlying first-half profit after boosting revenue in both its retail and wholesale divisions. 

Underlying pre-tax profit rose 20.5% to £25.3m, though statutory pre-tax profit fell 28% £9.1m "reflecting the fair value movement on forward exchange contracts", Superdry said.

Group revenue rose 20.4%, with wholesale revenue up 34.1% and retail revenue up 12.8%.

In the 10 weeks to January 6, group retail like-for-like revenue grew by 4.7%.

"Having traded through our peak trading period, the board remains confident in delivering full year underlying profit before income tax in line with the range of analyst expectations and in the quality of the sustainable financial performance we can deliver," chief executive Euan Sutherland said. 

The company declared an interim dividend of 9.3p per share, up 19.2%.




At 9:32am: (LON:SDRY) Superdry Plc Ord 5p share price was -59.5p at 1980.5p



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