N Brown posts profit growth, despite exceptional costs
This was due to exceptional charges of £56.9m, incurred during the first half, as previously announced.
These were due to a customer redress for historic insurance products (£40m), store closures (£13.8m), and external costs relating to taxation matters (£3.1m).
Chief executive Angela Spindler said: "Against a challenging market backdrop I am delighted to be reporting profit growth, with Simply Be the standout brand.
"The second half was difficult for the fashion sector.
"A good performance in financial services provid... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
