Dunelm Group H1 profit increases

Dunelm Group, a homewares retailer, has reported a profit of GBP44.98 million, or 22.1 pence per diluted share, for the six months ended December 29, 2012, compared to GBP37.93 million, or 18.6 pence per diluted share, for the same period ended December 31, 2011.

Revenue for the six months ended December 29, 2012 was GBP340.1 million, compared to GBP299.91 million for the same period ended December 31, 2011.

Gross profit for the six months ended December 29, 2012 was GBP168.18 million, compared to GBP147.69 million for the same period ended December 31, 2011.

Operating profit for the six months ended December 29, 2012 was GBP59.3 million, compared to GBP51.79 million for the same period ended December 31, 2011.

Nick Wharton, CEO, said: "With a specialist proposition which continues to appeal to a broad spread of customers, Dunelm has continued to outperform the overall homewares market. We have made good strategic progress during the period, particularly supported by our work to improve customer service, the continued expansion of our store portfolio across the UK and the progress made in our on-line offering.

"The final quarter of our financial year presents some challenging like for like sales comparatives, but with a significant new store growth opportunity and an exciting multi-channel agenda in place, the Board remains confident in the overall growth prospects for the business."