Harrods reports increase in full year profit but decline in turnover

Harrods reports profit in the period rose from £107.7m to £114.5m, with profit before taxation increasing to £146.3m from £140.4m. However, turnover was down from £794m to £769m.

Harrods also declared a dividend of £103m, down from £150m in 2014. The company said that despite “tough trading conditions,” operating profit was up 2.9% to £126.5m. It saw a confirmed program of capital expenditure in the year, with total additions of £48.6m, and expects to continue this level of capital expenditure in 2015.

Harrods London