StockMarketWire.com - Moss Bros' H1 pretax profit slipped to £2.0m, from £2.2m a year ago. Revenue was £47.2m, from £44.0m. The company hiked its interim dividend significantly to 1.7p a share, from 0.3p.

Trading in the seven weeks to 13 September 2014 has been encouraging with like for like sales up 6.0%. Hire is well prepared for the peak eveningwear season.

The Group's trading performance continues positively, in line with the Board's expectations and the business is well placed to make further progress during the second half.

Commenting on the results and outlook, Brian Brick, Chief Executive Officer, said:

"These results reflect another period of progress for the Company.

"We continue to invest in the future and make good progress in delivering our strategy.

"The successful launch of our new sub brand line up at the start of the Autumn 2014 season, in conjunction with our ongoing store refit programme, means our customer offer is now more closely defined and aligned with our target customer groups.

"Ecommerce continues to grow strongly and our plans to develop a fully multichannel customer experience are on track. We continue to innovate and develop our service proposition and added 'Login & Pay with Amazon', putting us among the first UK retailers to offer this functionality.

"The decline in Hire moderated in the second quarter and we expect to see further improvement in the second half of the year as we move out of the wedding season into eveningwear. We continue to develop our hire proposition, both in terms of product offer and service.

"The early response to the Autumn/Winter retail range is positive, with like for like* sales continuing to improve year on year.

"The Group's financial performance continues positively and in line with the Board's expectations for the outturn for the year."







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