Poundland, the UK-based single price value retailer, has booked an increase in full-year profits as value-conscious shoppers continued to visit its stores.

In the 53 weeks ended 1 April, EBTIDA climbed 26.5% to GBP40.1m (US$62.9m), while like-for-like sales grew 2.3%, the retailer reported today (2 July).

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Turnover in the period amounted to GBP780m, a 21.6% increase on the prior-year.

The retailer, which opened 62 new stores during the year, said it expects to perform “robustly” in the coming year.

For an update from Poundland retail operations director Tim McConnell on how the group hopes to continue to drive the pace of growth click here.

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