LONDON Feb 19 Britain's biggest sporting goods
retailer, Sports Direct, posted a 14.6 percent rise in
profit in its Christmas quarter and said it was confident of
hitting its full-year target.
The group, with over 600 sports stores in Europe, including
400 in the UK, said on Wednesday gross profit for the 13 weeks
to Jan 26, its fiscal third quarter, rose to 280.7 million
pounds ($469 million), up from 244.8 million in the period a
Total sales rose 11.2 percent to 655.4 million pounds,
including a 6.9 percent rise in its core sports retail division.
Sales in its fashion arm, which has around 160 stores under
names including USC, Cruise and Flannels, rose 52.5 percent.
The firm said it was now very confident of at least
achieving its target of underlying earnings before interest,
tax, depreciation and amortisation (EBITDA) of 310 million
pounds for 2013-14, before a charge for bonus share schemes.