(Alliance News) – JD Sports Fashion PLC on Tuesday reported bumper sales in the first half of 2021, benefiting from pent-up demand for sports apparel as pandemic restrictions were eased.
Shares in JD Sports were up 7.3% at 1,126.00 pence in London on Tuesday morning, by far the best FTSE 100 performer.
Revenue in the six months to July 30 was GBP3.89 billion, up 53% from GBP2.54 billion a year earlier, while pretax profit surged to GBP364.6 million from GBP41.5 million.
Pretax profit before exceptional items multiplied to a record GBP439.5 million from GBP61.9 million a year earlier and GBP158.6 million two years prior.
First-half pretax profit before exceptional items in the UK and Ireland was GBP170.8 million, compared to GBP52.0 million a year earlier and GBP114.9 million two years prior.
Additionally, sales of outdoor products swung to a pretax profit before exceptional items of GBP10.8 million from a loss of GBP16.8 million in 2020.
“The group continues to demonstrate outstanding resilience in the face of numerous challenges arising from the continued prevalence of…