Online retailer N Brown Group returns to profit, with statutory pre-tax profits rising by £76.4m to £5.3m.
Online retailer N Brown Group reported a return to profit in the year ended 2 March, with statutory pre-tax profits rising by £76.4m to £5.3m. The company attributed this to lower adjustments and a focus on driving profitable sales. Revenue contracted 9.8% to £600.9m, reflecting challenging market conditions. N Brown expects a "gradual improvement" in trading through FY25, with the rate of product revenue decline moderating at the start of FY25.
June 06, 2024
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