Online retailer announces 18% profit increase
Profits at online retailer Findel were up by 18.9% to just over £23m last year.
The firm, which fought off a takeover bid by Mike Ashley’s Sports Direct this year, saw revenues increase by 5.7% to £506.8m and adjusted operating profit was up 14.4% to £38.4m.
The company, which has its headquarters in East Lancashire, announced it is to change its name to Studio Retail Group.
The firm published its full year results this morning.
Findel said product revenue growth of 7.8% was driven by an increase in its active custome... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...