Laura Ashley 2015 interim results

DividendMax Ltd.

Laura Ashley 2015 interim results

Profit before taxation of £8.4m (2014: £8.5m).

Total Group sales down 3.0% to £139.7m (2014: £144.0m).

Like-for-like retail sales up by 7.0%.

Online revenue up by 4.5%.

Hotel revenue increased by 44%.

£20.2m net cash balance.

Interim dividend of 1.00 pence per share (2014: 1.00 pence per share).

Commenting on the results, Tan Sri Dr Khoo Kay Peng, Chairman, said:

"I am pleased to report that our business has maintained the robust performance of recent years with a healthy increase in like-for-like, retail sales. Our U.K. business, buoyed by a strong performance from our online channel, has shown resilience and potential for continued growth. The hotel is realising its potential and is proving to be a valuable asset to the brand.

We are encouraged as we enter the second half of the year. We will continue to work with our overseas franchisees to ensure that we maximise the international opportunities for our franchise partners and the Group. Development and improvement of our digital platform, which has been a core Group strategy over recent years, will remain a key focus as we strive to deliver a high quality, multi channel experience for our customers.

The enduring appeal of our great British brand and the loyalty of our worldwide customers give us confidence and optimism that the growth of recent years should continue."

Companies mentioned