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SPORTS Direct announced a 72.5% decline in pre-tax profits to £ 77.5 million for the year before April 29, compared to $ 281.6 million a year earlier.
The company said the decline was due to difficult benchmarking, having seen its profits jump a year earlier on the sale of its Dunlop business as well as its JD Sports shares.
He was also hit by net losses on his strategic investment in Debenhams during the year to April 2018.
Executive Director Mike Ashley said, "I am particularly pleased that Sports Direct has not only been named one of the top 10 best-selling companies in the UK, but we are also among the top five in an international index. retailers.
"I am delighted that our underlying EBITDA is in the upper range of our expected range of £ 306.1 million as we reported last year, and also that the Underlying profit after tax rose sharply to 104.9 million pounds sterling "
The Group's sales figure for the period increased by 3.5% to £ 3.4 billion, although its retail sales of sports in the United Kingdom fell by 2% to 2 , 2 billion pounds sterling.
Its wholesale and licensing division suffered the sharpest decline, with revenues falling 22.7% to 186.3 million pounds sterling.
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