14 April 2015
From the area Company
Budget seller Poundland has disclosed yearly revenues of much more than ₤ 1bn. Absolute revenues in the UK and State of Ireland climbed through 11.8 % to ₤ 1.1 bn, aided by the opening of 60 brand new stores.Like-for-like revenues – which bit out the effect of brand-new outlets – increased 2.4 % in the age to 29 March.The business stated that continued “to very carefully take into account” a UK competition authorization probe of its suggested acquisition of rival discount rate chain 99p Stores.Chief manager Jim McCarthy claimed: “Despite challenging trading health conditions, Poundland continuouslies do properly as well as we portioned about 5.3 thousand shoppers a week throughout the quarter.”.
Poundland is going to state its own full-year end results on 18 June, and also stated it anticipated hiddening pre-tax revenues to become in line with market forecasts of regarding ₤ 44m.
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