Findel profits soar as business proposes name change
Findel has posted “strong results” for the financial year including increases in profits and sales, as the board proposes changing its name at the next AGM.
The online value retail group posted a 33% increase in profit before tax of £29.4m in the 52 weeks to March 29, 2019, and an increase in group revenue of 5.7% to £506.8m.
The retailer’s subsidiary Studio, formerly Express Gifts, was the driver behind the group’s performance, “producing strong growth in customer numbers, sales and profits”.
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