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Mothercare’s profits soar

Mothercare’s underlying pre-tax profits almost doubled to £9.5 million over the 28 weeks ended October 11, thanks to a record first half at its international stores.

Mothercare, which sells babywear, kidswear, maternitywear and baby products, grew its total sales by 9.3% to £359m over the period.

UK like-for-like sales slowed slightly in the second quarter but were up 0.8% over the period. Profit from international business rose 59.1% to £7m.

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.”

Mothercare is to push further into the Chinese market with 10 openings planned in China over the next few months.

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