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Sales and profits up at Masai

Sales at Masai Clothing Company Group increased by 19% to 339m DKK (£35.4m) for the year to June 30.

Operating profit was up by 32% to 106m DKK (£11m), while gross profit soared by 38% to 84m DKK (£8.7m).

Sales in the UK had a “strong performance” and the company expects sales and profits to grow this year as wholesale orders have increased.

Sales in the company’s home market of Denmark increased 2% to 99 million DKK (£10.3) while sales in the rest of the world were up 27% to 240 million DKK (£25).

The first Norwegian Masai store will open in October 2014.

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