Lifestyle owners report €3m rise in earnings

EARNINGS at the group that controls Lifestyle Sports have risen by €3 million for the first half of the current financial year.

That is according to chairman of Stafford Holdings Ltd and subsidiaries, Victor J Stafford who stated that the business this year has benefited from a recent improvement in like-for-like sales in Lifestyle Sports and the closure of its loss-making Czech sports retail business in March 2010.

Mr Stafford said that the business for this year is satisfactory. He made his remarks in a statement accompanying results filed with the Companies Office that show that the company recorded a €5.4m pre-tax loss in the 12 months to the end of September 2010.