Ted Baker profits from sales lift
Clothing company Ted Baker has reported a 25% rise in half-year profits after strong sales growth.
Pre-tax profits for the 28 weeks to the middle of August came in at £7.5m, up from £6m a year earlier. Revenues were up 15% to £88.1m.
Despite improving sales, the group warned that full-year results would be dependent on Christmas trading.
"At this stage, we remain cautious given the uncertain economic environment," it said.
Sales in the UK and Europe rose by 14.4%, while those in the US grew by 20%.
"This is a strong performance for the first half of 2010. We continue to expand the Ted Baker brand in new and existing territories," said chief executive Ray Kelvin.
The company plans to open new stores in New York, Chicago and Hong Kong later this year.