Angling Direct PLC’s (LON:ANG) half-year revenues rose by a fifth as new stores chipped in, customers spent more and online sales grew strongly.
August was even better, added the fishing tackle and equipment retailer, with sales up by a record 33% over a year ago.
Expansion helped boost the numbers and Angling Direct said it has already identified suitable locations for the next 12 months.
Six-month revenues to June rose to £26.5mln with like-for-like sales 14.9% ahead and underlying profits almost 16% higher at £1.25mln.
Higher depreciation costs meant pre-tax profits dipped to £323,000 from £480,000.
Since the half year, like-for-like sales have risen by 13% in-store and 27% online with the new German, French, and Dutch websites all going well.
Martyn Page, executive chairman, said it had further consolidated its position.
“Our retail store portfolio in the UK, which is growing rapidly and to plan, is delivering good results, as are our new German, French and Dutch websites which were launched last year.”