Pre-tax profits double at Matalan

Matalan has bucked the retail climate by virtually doubling its pre-tax profits in the year to March 2008.

Pre-tax profits double at Matalan

Announcing the result this week, the retailer said that the £53.2m figure was attributable to improved cost efficiencies, tighter stock control and better sourcing.

The company spent over £18m refurbishing its outlets during the year, and now plans to invest a further £19m on its stores.

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