Sales growth at Card Factory but profitability suffers
Card Factory, the retailer of greeting cards and gifts, has seen an increase in overall revenue due to a “strong seasonal performance”.
For the six months ending June 31, the Wakefield-headquartered company reported a slight 3.2% rise in total revenue to £185.3m, compared to the £179.6m achieved in the previous year. Despite this, underlying pre-tax profit experienced a 13.9% drop from £26.3m last year to £22.7m. Underlying operating profit also dropped 11.6% to £24.5m.
While Card Factory’s revenue jumped 3.7% to £... 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...
