Retail Human Resources plc
Earnings rise at Matalan
29 July 2010 09:55
Budget fashion retailer Matalan said it is "well placed to grow" after seeing a rise in first quarter earnings. Underlying pre-tax profits rose by 1.7% in the three months to May 29th to £41.4 million. Sales at stores open for more than a year increased by 3%.
In a statement Matalan said: "We continue to believe that our offer remains relevant to consumers and that we are well placed to grow despite the challenging environment."
Matalan trades from 205 stores across Britain.
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