CI Traders profit up 15%

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million, for the six months to 2 August.

The Jersey-based company – formed last year from the merger of the Le Riche and Ann Street groups – is planning further investment in its retail stores, UK pubs, and l’Abeille French bottling plant.

It is also stepping up its publishing activity this month with a new weekly magazine in Jersey.

he company says £1 million of the £1.

million improvement in profit is explained by there being no exceptional items in the current half year.

urnover for the AIM-listed company rose by 8.

% over the six-month period, to £140.

million, with operating profit on continuing operations up 6.


But the operating profit margin fell to 7.

%, from 7.

% last year, reflecting ‘competitive market conditions and a change in sales mix, with growth coming from lower margin businesses’.


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