Sales up at WH Smith

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The Independent Online

Strong shop sales helped increase profits at WH Smith, helping to offset the losses coming from its internet business.

Strong shop sales helped increase profits at WH Smith, helping to offset the losses coming from its internet business.

Pre-tax profits for the year to August 31 rose 5% to £140 million, against £134 million at the same point last year.

Chief executive Richard Handover said: "This is a very good result in a difficult retail trading environment.

"Core product categories of books, magazines and stationery have been extended and have performed strongly throughout the year."

However, losses on the company's internet site rose to £7 million, despite an increase in sales.

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