Boodles sees profit from international expansion

Boodles, the luxury jeweller, saw its pre-tax profits increase from  £4.7 million to £6.2 million in the year to end February 2012.

Turnover at the family owned company rose to £48.1 million from £41.9  million in the previous year.

Nicholas Wainwright, Boodles chairman, said: "We had a cracking year,  thanks in part to higher value sales and international sales in  London."

The company said that the number of overseas shoppers visiting its  London stores was up 5% from five years ago which had helped it to  withstand the difficult trading conditions in the UK.  Regarding the outlook, Wainwright said: "It think it will be  challenging for the jewellery market this year, but there is business  out there, you just have to try hard to win it."