Pre-tax profit increased for British clothes retailer JD Sports Fashion in 2023 compared to 2022, the company reported on Friday.
JD Sports Fashion reported that, on a 53-week basis, fiscal 2024 profit before tax was £811.2 million ($1.03 billion) compared to £486.7 million, for the 52-week period the previous year.
Earnings per ordinary share was 10.45 pence compared to 3.65 pence.
Profit before tax and adjusting items for the 53-week period was £917.2 million, down 7.5%. Adjusted basic earnings per share was 12.14 pence, down 9.1%. Revenue increased 2.7% to £10.4 billion. Sales growth in constant currency was 2.9%.
Organic sales growth was 9%.
The group noted that the percentage changes are on an unaudited 52-week basis.
Régis Schultz, chief executive officer of JD Sports Fashion Plc, said: "We have started the new financial year with first quarter in line with our expectations in a volatile market and we are on track to deliver our profit guidance for the full year."
The board proposed a final dividend of 0.6 pence per ordinary share. This proposed final dividend takes the proposed total dividend for the period to 0.9 pence per ordinary share, an increase of 12.5% on the prior period.
The proposed final dividend will be paid on July 12 to all shareholders on the register at June 14.