Sporting goods retailer JD Sports Fashion PLC (LON:JD. saw a boost to profits, but warned the fall of the pound could hit margins next year.
Pre-tax profits for the sports fashion retailer rose 66% in the 26 weeks to July, reaching £77.4mln, compared to £46.7mln last year. Revenues were up 20%, from £809mln to £970mln.
International development continued apace, said the group, with 20 new stores opening across Europe. Nonetheless, Brexit after-effects left it cautious.
"The weakening of sterling against the US dollar after the Brexit vote may cause some headwinds on margin in 2017,” warned executive chairman Peter Cowgill.
However, Cowgill said the group was well-prepared to deal with the change in circumstances.
"The favourable trends for athletic inspired footwear and apparel in Europe have continued into this year. We are very much at the centre of this market with our success being a positive consequence of the investments we have made over a number of years to develop the JD retail concept.”
Shares rose 4% to 1,386p.