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Leeds Group swings to profit in H1 on higher than expected sales
StockMarketWire.com
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Fabrics and haberdashery retailer company Leeds Group swung to a profit in the first half the fiscal year as revenue was boosted by higher-than-expect sales from its hemmers and KMR businesses.
For the six months ended 30 November, pre-tax profit was £735,000 compared with a loss of £1.3 million year-on-year as revenue rose to £20 million from £18.6 million.
Hemmers increased sales to £16 million from £14.5 million and KMR sales increased to £4.4 million from £4.1 million.
At 9:59am: (LON:LDSG) Leeds Group PLC share price was 0p at 14.5p
Story provided by StockMarketWire.com
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