Primark profits 'well ahead', figures show

First-half sales at Dublin-headquartered discount clothing retailer Primark - are expected to be 4% up on last year. The company trades here as Penneys.

Figures for the six months to the start of March are scheduled to be announced towards the end of April and should show Primark’s performance was boosted by increased retail selling space. However, revenues are expected to have been partially offset by a 2% decline in like-for-like sales.