BREAKING NEWS

BREAKING NEWS

Sports Direct first half earnings rise 7 percent, boosted by flagships

Sports Direct first half earnings rise 7 percent, boosted by flagships
FILE PHOTO: A man arrives for Sports Direct AGM at their headquarters in Shirebrook, Britain September 6, 2017. REUTERS/Darren Staples/File Photo GLOBAL BUSINESS WEEK AHEAD - SEARCH GLOBAL BUSINESS 11 DEC FOR ALL IMAGES
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LONDON (Reuters) – Mike Ashley’s Sports Direct reported a 7 percent rise in first-half adjusted earnings on Thursday, and said its new flagship stores, designed to move the discount brand up-market, were trading well.

The company, which has been criticised for its corporate governance regime, reported underlying earnings before tax, depreciation and amortisation of 156.1 million pounds for the six months to 29 Oct, on group revenue up 4.7 percent to 1.71 billion pounds.

(Reporting by Paul Sandle; editing by Guy Faulconbridge)

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