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Jenners,Princes St (32HE)


Wednesday 04 October, 2000

Jenners,Princes St

Interim Results

Jenners,Princes Street,Edinburgh Ld
4 October 2000



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

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

                                      Half Year to 31 July        Year to
                                                                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


        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


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