Retailers

Fraser Hart reports sales and profit increase

The company's profit after tax reached £1.7m up from £995,000 for the year ending 25 June 2017

Jewellery retailer Fraser Hart has seen its profits and sales increase in the full fiscal year to June 2017.

In its latest financial statement, the retailer reported that over its 54 stores trading under the Fraser Hart and Fields brands turnover increased to £80.8m up from £76.3m the previous year.

The company’s profit after tax reached £1.7m up from £995,000 for the year ending 25 June 2017.

The multiple jewellery retailer said in the trading update it was “reasonably satisfied” with the performance of the company during the financial year.

A statement in the directors’ report said: “The Company will continue its pursuit of market share and growth through an upgrade of existing stores and offering high quality product, competitive pricing and exceptional service to its retail customers.”

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