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Mothercare profits rocket 94%

Mothercare's underlying pre-tax profits soared by 93.9% to £9.5 million over the 28 weeks to October 11.

The babywear-to-kidswear retailer boosted sales by 9.3% to £359m over the period. UK like-for-like sales rose 0.8% and the retailer said that it was well place to survive the economic downturn.

A record first half for the group's international arm boosted the overall performance and the Mothercare Direct business performed well.

Mothercare chief executive Ben Gordon said: "With our rapidly growing international platform, a reducing UK cost base and a cash generative and debt free business, we are well placed for what is an uncertain consumer environment in the second half."

Profit from the international business jumped 59.1% to £7m as the business open 78 new stores bringing its international store count to a total 572 stores in 49 countries. Mothercare plans to further push into the Chinese market with ten new stores earmarked for the coming months.

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