LONDON (dpa-AFX) - Sports Direct International Plc (SPD.L) provided an update on current trading in advance of its year end on April 29, 2012.
The company said total sales for the nine weeks ending March 25, 2012 rose 13.2% to 267.6 million pounds from 236.4 million pounds in the prior year. Gross profit was up 13.5% to 99.8 million pounds from 87.9 million pounds last year.
Retail division sales for the same period improved 16.1% to 232.6 million pounds from 200.4 million pounds in the prior year.
Dave Forsey, chief executive of Sports Direct, stated, 'The Group has continued to deliver strong growth during February and March, outperforming management's expectations. This performance continues to be primarily through the UK division where online sales now represent an even larger proportion of our total retail sales than envisaged at our Interim Results in December 2011. We remain positive about the Group's outlook and are excited about the summer ahead with the Diamond Jubilee, Euro 2012 and the London Olympics.'
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