Hal­fords prof­its dented by re­struc­tur­ing costs

The Daily Telegraph - Business - - Business -

Prof­its at Hal­fords slumped 23pc in the last six months as the bikes-to-mo­tor­parts busi­ness faced re­struc­tur­ing costs and chal­leng­ing con­di­tions on the high street. The re­tailer, which had warned prof­its would take a hit as it steps up its in­vest­ment in new stores to be­come a ser­vices “su­per spe­cial­ist”, said pre-tax prof­its fell 23pc to £28.2m on rev­enues of £599.9m, up 2.5pc on a year ago.

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