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Beale Plc enjoys profits rise.

Department store operator says profit before tax increased by 67% to £909,000 in the half-year to 1st May, compared to £543,000 the previous year.

CITY & CORPORATE

Beale Plc enjoys profits rise.

Gross sales which include concession sales and VAT fell by only 1.1% despite January snow.

Revenue at £26.2m (2009: £26.7m) declined by 1.8%. Mike Killingley, Chairman commented: "We are pleased to report the Group profit for the 26 week period ended 1 May 2010 was £909,000, up from £543,000 in the equivalent period last year".

"The economic environment in the UK remains challenging for retailers. While we expect recovery from the recent recession to continue, we expect the pace of that recovery to be relatively subdued".
 

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