Moss Bros Group Full-Year Profit Rises

Moss Bros Group PLC posted a 9% gain in its profit for the full year. Moss Bros posted a pretax profit of 4.8 million pounds ($7.1 million) for the year, versus a year-ago profit of GBP4.4 million. Its revenue climbed 5.1% to 114.7 million pounds ($170.39 million). Like-for-like sales, including VAT, rose 5.5%. E-commerce sales jumped 58.9%. The company's board proposed a final dividend of 3.55 pence per share. CEO Brian Brick said, "We continue to make good progress in the delivery of our strategic priorities. The modernisation of the store portfolio is achieving the anticipated returns and we have exciting plans for the implementation of our multi-channel shopping environment."