Primark profits to exceed last year despite fourth quarter sales hit
Primark owner ABF has said it expects full year profits to be ahead of last year, due to a reduction in labour overheads and lower store operating costs.
In a pre close statement for the 53 weeks to September 18, 2021, Primark said sales for the second half were expected to be £3.4bn and that operating profit margin is expected to be over 10%.
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