Jenners,Princes Street,Edinburgh Ld
4 October 2000
JENNERS PRINCES STREET EDINBURGH LIMITED
INTERIM REPORT
31 JULY 2000
Total sales in the half year to 31 July show a small increase on last year,
but Princes Street sales were marginally down, reflecting a slow start. Sales
at Britannia have been disappointing due to reduced visitor numbers. However
our new outlet at Edinburgh Airport has made a positive start and shows
encouraging signs for the future.
Trading profits are well down although expenses have been controlled within
budget. We have seen an erosion of margin which has been driven down by
difficult trading conditions. However pre-tax profits have been largely
maintained.
The recent upgrade of our perfumery and jewellery departments has been well
received by customers and plans are advanced for the refurbishment of our
ladies fashions on the first floor in Spring 2001.
The greater part of our sales come from the Christmas period and, despite a
subdued start to the second half, we are confident of producing a satisfactory
year-end result.
An interim dividend on the Ordinary Shares of 82p per share has been declared
and will be payable on 3 November to members on the register at 31 October
2000. This increase in the interim dividend should not be taken as an
indication of the likely amount of the final dividend.
By order of the Board
E Barclay, Secretary 4 October 2000
INTERIM GROUP RESULTS
Half Year to 31 July Year to
(Unaudited)
31 January
2000 1999 2000
£000 £000 £000
Turnover (excluding VAT) 19729 19695 46198
Trading Profit 372 518 3483
Other Income 705 584 1410
Profit on Ordinary Activities 1077 1102 4893
before Taxation
Taxation (323) (334) (1559)
Profit after Taxation 754 768 3334
Dividends on:
Preference Shares 71 71 142
Ordinary Shares 689 (82p) 672 (80p) 1226 (146p)
760 743 1368
Notes
1. The information disclosed above does not constitute statutory
accounts. The accounts for the year to 31 January 2000 on which the
Auditors made an unqualified report, have been lodged with the
Registrar of Companies.
2. This information will be sent to shareholders and will be
available to members of the public at the company's registered office,
48 Princes Street, Edinburgh EH2 2YJ.
4 October 2000