Frasers Group (GB:FRAS) has released an update.
Frasers Group PLC reports a successful fiscal year with a 13.1% increase in adjusted profit before tax to £544.8m, driven by strong performance from Sports Direct and strategic brand partnerships. The company’s emphasis on operational efficiencies, like warehouse automation, and the launch of Frasers Plus are expected to contribute to future profitability and growth. Despite a slight downturn in retail profits and reported PBT, Frasers Group remains positive about its diverse business prospects and projects an APBT between £575m-£625m for the following year.
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