SuperGroup profit soars
FASHION retailer SuperGroup’s full-year pre-tax profit soared to £22.46m from £7.59m last year.
Group revenue for the 52 weeks ended May 2, 2010 was up 83.1 per cent to £139.4m from £76.14m in the comparable period.
The surge has been fuelled by the company’s Superdry label which has been sported by a host of celebrities including David Beckham.
The company, which completed a £125m listing on the London Stock Exchange earlier this year, opened 20 new standalone stores, adding 93,000 sq ft of selling space.
Chief executive Julian Dunkerton said: “SuperGroup has had a fantastic year, delivering an excellent set of financial results and achieving a highly successful listing on the London Stock Exchange.
“All areas of the business have performed well and we have delivered strong sales growth, improved margins and good cash generation.”