House Of Fraser Sees Increase In Profits

Department store retailer House of Fraser saw a slight increase in profits after a tough trading year. Total group turnover ell from GBP703.5m in the year to the end of January 2003 to GBP693.6.

House of Fraser saw profit before tax and exceptionals increase by 11 per cent to £27m. The profits increase was driven by £13m in cost savings achieved in the year, with total costs reduced by 2 per cent.