€3m boost for Lifestyle
SPORTS equipment retailer Lifestyle Sports has recorded a €3m jump in earnings for the first half of the year.
The company recorded a €5.4m pre-tax loss in the 12 months to the end of September 2010 and chairman of Stafford Holdings Ltd and subsidiaries, Victor J Stafford, said that the group has benefited from a recent improvement in like-for-like sales in the company. The accounts show that revenues declined from €339m to €331.4m in the 12 months to the end of September 2010.
Before exceptional items are taken into account, the returns show that the group's operating losses decreased by 17pc from €4.7m to €3.9m last year.