B&M, the discount retailer has reported its group revenue rose 25.8% to £930million in the first half of the financial year, plus an 18.6% increase in core earnings.
Figures show that B&M opened 47 new stores and sales rose 1.2% over a year, whilst the company are on track to open 80 new stores in the current financial year.
B&M chairman, Sir Terry Leahy, said: "B&M has made good progress in the first half of the financial year towards its strategic goals of reaching at least 850 UK stores and creating a platform for longer term growth in Germany, whilst delivering further pleasing growth in sales, profits and cash generation. We are well prepared for the rest of the year and beyond" adding "We are well prepared for the rest of the year and beyond."
Due to the success of the company’s financial outcome, the plans for expansion in the UK are confident.
