Poundland owner posts sales and earnings rise

Poundland

Pepco, owner of the Poundland value retail chain, has reported a rise in annual sales and profits.

The company, which is listed in Poland and also owns Dealz, said it would invest further to maintain its competitive advantage.

Pepco posted total like-for-like growth of 10.2% in the fourth quarter and 9.8% in the year to September 30. In the fourth quarter, Poundland was ahead 1% and 3.1% in the year.

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