Primark Sees Profit Up 26% In Last Six Months (UK)

Discount fashion chain Primark has seen its half-yearly operating profit rise 26% to £298m.

Owner Associated British Foods said its retail arm saw the surge in profit in the 24 weeks to March 1.

Revenue in the period for Primark was up 14%, to £2.278bn.

While like-for-like sales growth was 4%, its aggressive expansion plans with larger new stores helped drive the revenue growth.