Published on 6 - September - 2010
Garden Centre Group sees strong trading with 725% profit jump122-strong gardening chain reports turnover and profit increase for 2009, showing recovery after 2008 sales drop.
The Garden Centre group reported an 8.2% sales increase to £189m for the year ended December 27, 2009, compared with a 6.4% drop to £175m in 2008.
The figures for The Garden Centre Group Trading Ltd, which excludes any non-retail activities, also revealed an impressive 724.8% jump in pre-tax profit in 2009, taking the total to £13m, compared with a loss of £2m the previous year.
The group's operating profit was also up 606% to £9m, however, it is unknown if the company agreed to pay a dividend to its shareholders.
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