Laura Ashley profits jump 14%

The Motley Fool
Laura Ashley
Laura Ashley

Laura Ashley jumped 1.4p, or 6%, to 24.25p in early London trade this morning after announcing half-year profits had improved by 14%.

The home furnishings retail chain said first-half sales had gained 8% to £145 million, which in turn helped profits increase from £7.3 million to £8.3 million. The group claimed UK retail sales had advanced 6% while online revenues had surged 21%. Best-selling items included bed linen and lighting.%VIRTUAL-SkimlinksPromo%