£72m dividend as Harrods profits rise

Harrods owner Mohammed Al Fayed has received a dividend of £72m (€107m) after pre-tax profits at his department store rose 16.7% last year, it was reported today.

Overall sales at the upmarket Knightsbridge store increased from £492.3m (€729m) to £513.5m (€761m) in the year to January 2006, as luxury goods were snapped up by eager customers, the Financial Times said.