New Look Retail Group sales up 6% in H1 FY'14

In the first half of the fiscal year, Group Sales (ex VAT) rose 6.0% to £753.2m against £710.5m in the same period of the previous fiscal year.

Like Group like-for-like sales was up by a marginal 1.9%. New Look UK sales (ex VAT) increased 5.0% to £579.4m against £551.6m in the same period of the previous fiscal year.

New Look UK like-for-like sales went up by 2.6%. New Look e-commerce sales shot up by +78.8% against 52.9%.  

Group adjusted EBITDA was up 19.3% to £103.7m against £86.9m. Underlying operating profit surged 53.5% to £70.9m against £46.2m.

Profit before tax stood at £13.8m against a loss of £13.6m in the same period of the previous fiscal year.

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