JD Sports share price jumps after best ever results
Sports fashion chain JD Sports saw its share price jump after it reported revenues were up 25% to £1.5bn - the retailer's best ever full year results.
Profit were up 23% to £102.2m ($150.5m, €142m) - the British firm had raised forecasts at the beginning of 2015 after a sturdy Christmas trading period.
The good news buoyed up JD Sports' share price by almost 5% in early morning trading to reach 534.17.
Peter Cowgill, executive chairman, said: "This result and its ingredients provide a robust platform for further profitable growth, at home and internationally.
"This result has been driven by an outstanding performance in our Sports Fashion fascias where JD's unique and often exclusive sports and fashion premium brand offer continues to enthuse and excite both customers and suppliers.
"This, combined with our market leading standards of visual merchandising and disciplines instore, provides the basis for international success," he said.
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