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Profits jump at JD

Group profits before tax at JD Sports have increased 61 per cent to £61.4million for the year ending January 30, 2010.

Like-for-like sales have also increased by 2.5 per cent.

“The year ended January 30, 2010 has been the sixth successive year of good progress in revenue and profitability for the group,” says Peter Cowgill, JD’s executive chairman.

“During the period we have improved our profit before tax and exceptional items by 26 per cent to £67.4million.

“This follows increases of 24 per cent, 73 per cent and 51 per cent in the previous three years and such sustained performance, in the face of less than favourable economic conditions and exchange rates, reflects the strength and uniqueness of our brand and fascia offers as well as the strength of our management teams.”

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