Market Overview

Next Full-Year Profit Surges

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Next PLC (OTC: NXGPF) reported an increase in its profit for the full year.

Next posted a net profit for the year of 634.9 million pounds ($936.5 million), versus a year-ago profit of GBP553.2 million. Underlying EPS gained 15% to 420 pence.

Its revenue climbed to GBP4 billion from GBP3.74 billion, while pretax profit surged to GBP794.8 million versus GBP695.2 million.

For the current year, Next expected pretax profit of GBP785 million to GBP835 million.

The company lifted the ordinary dividend by 16% to 150 pence per share.

 

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