StockMarketWire.com - Halfords Group's underlying pre-tax profits fell by 7.5% to £75.4m in the 52 weeks to the end of March.

Revenues were up 7.2% at £1,095.0m - an increase of 2.7% on a like-for-like basis.

Underlying EBITDA fell 5.1% to £108.7m and pre-tax profits after non-recurring items fell 10.5% to £71.4m.

Chief executive Jill McDonald said: "I am pleased with the performance this year, with sales growth across all areas of our business and market share gains in both Motoring and Cycling.

"Profit performance for the year was impacted by the weaker pound but our plans are well developed and I am confident this will be offset over time.

"We have made great progress with our 'Moving Up A Gear' strategy, with increased customer insight and sustained growth in service-related sales being particular highlights."





Story provided by StockMarketWire.com