Laura Ashley to beat expected profits

20 January 2011 09:58

Home furniture and women's fashion retailer Laura Ashley has said that full-year profits are likely to be "significantly higher" than predicted.

In the group's interim management statement released on December 16th, the company said that it was confident that full-year trading would be ahead of expectations although since then the business has performed better than expected.

The company added today that, based on a strong like-for like performance over Christmas and early January, it now expects profits before tax to be "significantly higher" than earlier expectations.

Retail news is updated every weekday and is provided courtesy of: The Appointment magazine

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