Selfridges sees 19% rise in pre-tax profits

Department store Selfridges has announced a 19 percent rise in pre-tax profits to £65.7 million, for the year to January 30.

Sales reportedly rose by six percent to £424 million compared to the previous year, as reported in the Daily Telegraph.

An interim dividend of £25 million was paid, but no final dividend was given.

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Accounts filed to Companies House revealed Selfridges donated £30,000 to the Conservative Party and £10,000 to the Labour party in the course of the year.

It also provided £2.6 million in redundancy payments for Brown Thomas, a Dublin department store belonging to Selfridges owner Galen Weston.

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