Profits boost as Mothercare completes turnaround

Babycare retailer Mothercare rounded off its three-year turnaround strategy by revealing a better-than-expected rise in annual profits today.

The group said it performed strongly in the 53 weeks to April 1, as it overcame a difficult trading environment to increase sales by 3% to £414.6m (€607.5m) and lift bottom-line pre-tax profits by 56% to £24.2m (€35.5m).