Highlights for FY2015/16
- Underlying profit before tax up 51% at £19.6m
- Further progress in UK with margins up 70 bps, online sales growth of 15%, like-for-like sales growth of 3.6% and losses reduced by 64%
- International remains challenging with economic and currency headwinds impacting profits, which were down (12%)
- Statutory profit before tax of £9.7m compared to a loss in the previous four years
- Closing net cash of £13.5m, after investing £39.2m during the year
- Review of International business completed with plans in place to strengthen the business
