UK: SSL H1 profit helped by Scholl sales growth
Scholl owner SSL International has posted a 59.7% hike in pre-tax profit for the first six months of its fiscal year.
Pre-tax profit climbed to GBP51.9m (US$85.8m), compared to GBP32.5m last year.
The shoe unit itself, Scholl footwear, posted sales of GBP48.7m for the period ended 30 September - up 4.7% on an underlying basis.
Garry Watts, SSL International chief executive, said: "Despite tough trading conditions in some of our core markets, our turnover has moved ahead strongly.
"Both core brands, Durex and Scholl have performed well.
"Both gross and net margins advanced, benefiting from our increased scale and from ongoing investment in our processes, supply chain and brand development.
"We remain well on track to hit our target of 50% EPS growth in the three years to March 2012."
Help test our new apparel sourcing tool.
- Outlook 2017 – What next for apparel sourcing?
- $1.7bn package to boost Pakistan clothing exports
- Mexico riots hit apparel retailers and shipments
- Is China about to burst its apparel trade bubble?
- M&S clothing growth – What the analysts say
- MAS Holdings planning second industrial park
- Aéropostale to reopen 500 stores across the US
- JC Penney latest retailer to shutter stores?
- Cambodia clothing exports at risk from Brexit
- Target leads funding for mobile quality inspection
- Global apparel markets: product developments and innovations, October 2016
- Anti-odour clothing: fresh fashion for an active lifestyle
- Outdoor performance apparel 2016: A broader perspective
- Global market review of lingerie – forecasts to 2022
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar