Angling Di­rect hooks ris­ing prof­its

Yorkshire Post - Business - - NEWS -

Re­tail: Fish­ing tackle re­tailer Angling Di­rect has posted ris­ing in­terim prof­its and rev­enues as it con­tin­ued to see strong growth and in­vested in fur­ther ex­pan­sion.

For the six months ended July, pre-tax profit jumped to £572,000 from £86,000 the year prior. This was af­ter rev­enue rose 55 per cent to £21.9m from £14.1m the year be­fore.

Rev­enue was driven by a sig­nif­i­cant rise in store num­bers to 22 from 15 a year prior. Like­for-like store sales rose 4.2 per cent with to­tal store sales 60 per cent higher. On­line sales also were 60 per cent higher to £11.7m, the com­pany said yes­ter­day.

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