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IN BRIEF: Shoe Zone swings to interim profit on good Covid-19 recovery

ALN

Shoe Zone PLC - Leicester, England-based footwear retailer - Swings to a pretax profit of £3.1 million in six months to April 2, from a loss of £2.6 million a year before. Revenue rises 73% to £69.9 million from £40.4 million. Attributes this to a good recovery from the pandemic, with higher store revenue, due to fewer restrictions.

Settles outstanding loan and reinstates interim dividend with a payout of 2.5 pence per share. Believes it is in a strong position now.

Current stock price: 151.80 p, down 1.5% on Tuesday

12-month change: more than double from 74.00p

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