Jane Norman has more than doubled its operating profits in the year to March 31, 2007.
The Baugur-owned womenswear retailer made a profit of£21.5 million for the year, up from£9.6 million on the previous year, although the period only covered the eight months of trading after the Icelandic investor acquired the chain.
The retailer said that, “despite the background of a difficult retail environment”, sales had soared 89 per cent to reach£132.6 million for the period.
Gross margin increased from 60 per cent to 62 per cent and earnings doubled from£14.8 million to£30.1 million, according to accounts filed at Companies House.
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