WHSmith profits and revenues soar as travel division powers growth
WHSmith has posted a surge in profits and revenue in its first half as “strong momentum” continued across its UK and international travel business.
WHSmith posted group profit before tax of £45m in the six months to February 28, up from £18m in the comparable period last year, and said it is performing “ahead of expectations for the full year”.
Travel UK revenues jumped 66% to £314m during the period, up from £189m in the prior year, while total sales at the North American travel business increased 53% and revenues across the rest of the world soared by 209%.
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