Page last updated at 07:05 GMT, Wednesday, 14 April 2010 08:05 UK

JD Sports enjoys growth in profit

A JD Sports shop front
Sales growth has slowed in the past few weeks

JD Sports has announced a 26% increase in full-year profits as sales rose - but it warned tough economic conditions may force customers to cut back.

The Bury-based retailer made pre-tax profits of £67.4m in the year to 30 January from £53.6m last year.

Like-for-like sales were up 2.5%, though JD Sports said this had slowed to 2% in the ten weeks to 10 April.

JD Sports has been looking to expand. Last year it bought the European arm of the rugby shirt firm Canterbury.

The firm said it had proved resilient "in the face of less than favourable economic conditions and exchange rates".

"We recognise the increasing challenges of strong comparatives and the current economic and fiscal threats to consumers' expenditure," the company added.

Its sports shops are JD, Size? and Chausport, which it bought last year.

It also said that profit margins had improved at its High Street fashion outlets, Bank and Scotts.

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Telegraph JD Sports enjoys a surge in profits - 44 mins ago
Reuters UK STOCKS NEWS UK-Eaga down, trading update weighs - 1 hr ago
The Scotsman Scottish Business Briefing - Thursday April 15, 2010 - 2 hrs ago
The Sun JD Sports' 26% profit hike - 11 hrs ago
Sky News Back Of The Net For Sports Retailer - 14 hrs ago

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