StockMarketWire.com - Underlying pre-tax profits at Halfords fell by 9.8% to £36.8m in the 26 weeks to 29 Sep.

Revenues rose by 3.8% to £588.7m - up 1.5% on a like-for-like basis.

Underlying EBITDA fell by 3.9% to £54.9m and pre-tax profits after non-recurring items were down 6.4% at £36.6m.

The group declared an interim dividend of 6.0p per share - up 3.0% - and maintained its FY outlook.

Chief financial officer and interim chief executive Jonny Mason said: 'We have delivered more improvements for our customers in this first half, with new services for motorists and cyclists, provided by trained, friendly, expert colleagues, and new ranges of great products.

'It is pleasing to report positive sales growth for this period, despite the poorer summer weather and the uncertainty in the UK economy.

'We are also pleased with our profit performance in the half, as we offset a large part of the c.£15m increase in costs that resulted from the impact of the weaker pound.

'Looking ahead, we have strong plans both in-store and online for the Cyber, Christmas and winter peaks.'









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