Harrods operating profit jumped 13% to £122.9m in its year to February 1 as sales rose 10.8% to £794m for the luxury department store.

Harrods full year profits rise as it hails 'another record year'

Excluding the intra-group payment of royalties to Harrods Corporate Management, operating profit grew 17%, according to documents filed in Companies House.

Pre-tax profit hit £107.7m compared to £632m the previous financial when it benefited from the £541m sale of trademarks.

The department store hailed it as “another record year”.

Harrods upped its investment by 13% to £58.9m over the year, primarily into its Knightsbridge flagship and said the investment would continue in its current year.