N Brown has reported an increase in half year profit following the success its restructuring programme.
In the six months to 28 August, total group revenue was broadly flat as a 3.3% increase in total product revenue was offset by the decline of 5.7% in financial services revenue. However, adjusted pre-tax profit rose by 7.1% year-on-year to £24.2 million.
Steve Johnson, N Brown chief executive, said: “Over the last six months the consumer environment has been volatile. Nevertheless, momentum has continued throughout the business, with customers responding well to our improved product ranges; particularly across our five strategic brands.
“This is testament to the restructuring work we have done across the group and the investments we are beginning to make to support our refreshed strategy. None of this would be possible without the talent, drive and commitment of our team, who have responded incredibly to the uncertainties we face.”
