Halfords profits soar in ‘very strong’ first half

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Cycling and motor accessories specialist Halfords has posted a surge in interim profits, helped by demand for bikes during the pandemic.

Halfords’ underlying profits rocketed 116% to £56m in the period, when group sales climbed 6.7% like-for-like to £639m.

Retail like for likes climbed 8.1% to £524m, while cycling revenues rose 54% like for like in the period to October 2.

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