Poundland has reported “another good quarter of sales growth” in its third quarter trading statement to 28th December 2014.

During this period Poundland opened 17 stores in the UK and Ireland making the total 45 during the financial year with more stores due to open for its next financial year.

Excluding Spain, the total revenue rose by 10.2% on a constant currency basis, however, contributions from new store trading was lower which was expected but ended the quarter with net cast of £33.9 million.

Chief executive, Jim McCarthy said: "I am pleased to report another good quarter of sales growth and a record Christmas trading period. Despite the tough trading conditions, Poundland continued to perform well and we served more than 7 million shoppers in the peak Christmas trading week alone.

"We have managed our costs and cash well, and we are in line with our financial expectations for the year as a whole. We are on track to open 60 net new stores in the UK and Ireland and we have a very strong pipeline for our 2016 financial year."