DUBLIN: Sales at discount retailer Primark rose by 9%, on a constant currency basis, in its latest financial year largely driven by growth at its Irish operations.
Primark owned by diversified multinational group Associated British Foods (ABF) — trades in Ireland under the Penneys brand.
The business said revenue for the 12 months to the middle of September rose from just under £5.35bn to £5.95bn. Adjusted operating profit, in constant terms, was up by 1% at £689m.
Primark said that warm weather in the pre-Christmas period, followed by a very cold March and April led to like-for-like sales falling by 2%.
