Golf-inspired fashion brand Lyle & Scott’s 34% rise in full-year net profit was fuelled by a 28% sales rise and a 35% surge in UK turnover, according to reports.
Sales in Europe were also up 16%, boosted by the weak position of sterling, but sales outside Europe slipped back on last year.
However, the company, which is owned by Waterlink Investments, has drawn up a three-year plan to target increased revenues in mainland Europe and the Far East.
Scotland-based Lyle & Scott has traditionally been a golf apparel maker, but has diversified under Waterlink’s management to become a more mainstream fashion player.
Waterlink did not respond to just-style requests for comment on the reported results.
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