Sales and profits surged at Harrods during its last financial year as foreign shoppers capitalised on the weak pound to snap up cheaper luxury goods.

Profits rocketed 38.8% to £233.2m while sales jumped 23.3% to £2.1bn in its year to January 2, according to the Daily Mail.

The retailer said performance was particularly boosted by Chinese tourists.

Finance chief John Edgar said: “Every year seems to be a record year for us at the moment and long may it last.”

The retailer said: “While the business witnessed a robust start to the year, there was a substantial positive impact seen in demand from its overseas customers after the weakening of the British currency.”

Harrods, which is owned by Qatar’s sovereign wealth fund, paid out £110m in dividends over the year and £6.9m in UK corporation tax, down from £19.2m a year earlier.