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Next profits up by more than 7pc

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Next has recorded a milestone profits haul following impressive Christmas trading

Next has recorded a milestone profits haul following impressive Christmas trading

Next has recorded a milestone profits haul following impressive Christmas trading

Clothing retailer Next posted a 7.1 percent rise in first-half profit today after selling more products than expected at full price.

The group made a pretax profit of 347.1 million pounds ($533.4 million) in the six months to July.

That compares with 324.2 million pounds in the same period last year. The group also reiterated its full-year outlook.

Next has more than 500 shops in Britain and Ireland, some 200 mainly franchised stores overseas and its directory catalogue and internet business,

Reuters