5 December 2024 - interim results
We last commented on the luxury watch and jewellery group back in September when we rated the shares as a buy at 395p following a positive trading statement. The company has now released its interim results covering the 26 weeks to 27 October and these have shown a 3% increase in revenues to £785m helped by an improvement in trading in the second quarter. Adjusted pre-tax profits fell by 18% to £58.9m for earnings per share on the same basis of 18.1p. The reduction in profits was largely due to additional finance . . .
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