Profits up 9% to €2.4m for Lifestyle Sports owner

Pre-tax profits at the retail group that operates Lifestyle Sports last year increased by 9% to €2.37m.

New accounts just filed by Stafford Holdings Ltd and subsidiaries show that the group recorded the increase in pre-tax profits in spite of revenues decreasing by 3% from €359.7m to €346.8m in the 12 months to the end of September last.

According to an accompanying statement from chairman, Victor Stafford “the performance of Lifestyle Sports, in particular, was very satisfactory and this business is now the largest contributor to both profit before tax and earnings before interest, tax, depreciation and amortisation (EBITDA)”.