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Last Updated: Wednesday, 30 November 2005, 16:48 GMT
Jessops reports digital sales dip
Jessops store

Camera and photographic goods retailer Jessops has warned that it does not expect any growth in like-for-like sales in its first quarter.

The company reported pre-tax profits of 5.9m ($10.2m) in the year to the end of September, up from 1.3m a year ago.

However, total like-for-like sales in the eight weeks to 27 November dropped by 1.2% as digital camera sales waned.

No growth is expected in the first quarter, partly because of a strong comparative performance last year.

"Against this, we expect the first half will benefit from the gross margin improvements achieved during the last financial year," said chief executive Derek Hine.

Leicester-based Jessops, which employs more than 3,000 workers, recently completed its first year as a listed company.

Shares in Jessops were up 1.75 pence, or 2.19%, at 81.75p on Wednesday.


SEE ALSO:
Profits and sales hit at Jessops
10 May 05 |  Business
Profit alert hits Jessops shares
21 Mar 05 |  Business
Digital cameras aid Jessops sales
08 Dec 04 |  Business
Jessops sees shares dip on debut
29 Oct 04 |  Business
Jessops to float on stock market
08 Oct 04 |  Business


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