Pets at Home reports £75m profit

Pet care seller Pets at Home has defied the retail sector slump by reporting full-year pre-tax profits of £75.2m, up 11 per cent on the previous year. The figures, filed in Companies House on Friday, show the retailer increased turnover 11 per cent to £512m in the year to 31 March, opening 25 new stores in the period. The company, owned by private equity firm KKR, is set to open 33 more stores this year.