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Russell & Bromley profits soar

Russell & Bromley saw profit on ordinary activities jump 33% to £8.8 million for the year ended December 31, 2007.

Russell & Bromley recorded a sales increase of 9.2% to £80.6m for the 52 week period.

In a statement filed at Companies House the directors said that personal service within its stores and a firm control of overhead costs had helped performance over the year.

However, Russell & Bromley warned that shop rents remained at a high level relative to turnover.

The statement added: "With the prevailing and future economic environment uncertain it is difficult to forecast future performance but with the strong financial position of the company and the expertise and dedication of management and staff we look forward to the future with confidence."

According to the accounts, Russell & Bromley had £15.4m cash at the end of the period.

Readers' comments (1)

  • Love shopping here for the service like a true, true independent. Even looks old fashioned. Not surprised by these numbers at all. Reckon they will have another good year credit crunch or no credit crunch.

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