For the first six months of this fiscal year, Mothercare plc said international retail sales reported by franchise partners of £ 137.2 million, decreased 15 per cent or 13 per cent at constant currency.
The loss was ascribed to challenging trading conditions in the Middle East, which is down 20 per cent year on year, with continuing operations excluding the Middle East down 6 per cent year on year at constant currency.
Commenting on the trading update, Clive Whiley, chairman of Mothercare plc, said in a statement: “These results are testament to our continued drive to preserve the strength of the Mothercare brand in a fast changing retail and macroeconomic trading environment.”
Adjusted Earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter climbed by 12 per cent to £ 3.6 million, while group adjusted profit increased by 17 per cent to £ 3.4 million. The total pre-tax profit for the group was £ 2 million.
