Primark profits to exceed last year despite fourth quarter sales hit

Primark in New York

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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