€139m profits at Debenhams exceeds market expectations
The British department store operator, which has 10 stores in the Republic, reported a profit of £123.6m (€139.78m) before tax and exceptional items for the six-month period up to the end of February.
This figure was up by 18.6%, on a year-on-year basis. Like-for-like sales were up by just 0.3%, hampered by poor weather conditions in the early part of this year across both Britain and Ireland. However, the company has consistently seen sales growth over the course of the economic downturn and expressed its satisfaction with the results.
