Chocolate maker Thorntons today reported a 60% rise in full-year pretax profit, aided by cost-cutting measures.
Profit before tax and exceptional items jumped to £7.5m in the 52 weeks ended June 28 from £4.7m a year earlier. Revenues rose marginally to £222.4m.
Analysts on average had expected full-year pretax profit of £7.35m, on revenues of £222.69m, according to Thomson Reuters data.
Thorntons, which sells its products in its own stores a swell as through supermarkets, said like-for-like retail sales rose 1.1% during the full year compared to a 0.8% decline a year ago.
The company, which has been shutting down shops to focus on its online business, closed 39 shops during the year, bringing down the number of own stores to 260.
Thorntons did not declare a dividend for the year.
