N Brown has posted a jump in profits during its first half as increased investments in its key clothing brands bore fruit.
The fashion retailer’s bottom line doubled year on year as statutory pre-tax profit swelled to £28.2m in the 26 weeks to August 28, 2021, compared to £14.1m the year before. Adjusted EBITDA rose 10.4% to £53m during the same period.
Group revenue slipped 0.1% to £364.8m but product sales rose 3.3% to £222.1m. Revenues from its financial services proposition dropped 5.7% to £124.7m.
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