Alba profits climb despite slower October sales

Electrical appliances group Alba today provided further evidence that consumers have become more cautious about splashing out on expensive items.

Electrical appliances group Alba – the company behind Goodmans and Dirt Devil vacuum cleaners – today provided further evidence that consumers have become more cautious about splashing out on expensive items.

Alba said it had seen “uncertain” market conditions, although a surge in demand for flat-screen televisions and MP3 players helped hike sales and contributed to a 4% rise in half-year profits to £7.7m (€11.1m).