JD Sports first-half profit jumps on strong demand post lockdown

© Reuters. FILE PHOTO: People pass a JD Sports store in London, Britain April 11, 2017. REUTERS/Neil Hall/File Photo GLOBAL BUSINESS WEEK AHEAD

(Reuters) – JD Sports Fashion on Tuesday posted a surge in first-half earnings on robust demand for sneakers and sportswear as lockdowns ease, but withheld its interim dividend and hinted instead at a “larger full year dividend”.

The company, which is Britain’s largest sportswear retailer, said pretax profit rose to 364.6 million pounds ($504.53 million) for the six months ended July 31 from 41.5 million pounds a year earlier.

($1 = 0.7226 pounds)

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