Sales boost for retailer
Wednesday 9th September 2009, 11:00AM BST.
Mid Wales-based Laura Ashley today announced a hike in sales of more than six per cent despite profits falling to £1.1 million.
The company, which has a factory and shop in Newtown and stores in Telford and Shrewsbury, said furniture and clothing sales were up 9.3 per cent and 8.2 per cent respectively.
Bosses said it was a positive start to the second half of the financial year despite a fall in profits from £4.7 million last year, which they explained was due to £5.5 million of currency exchange losses.
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