LONDON, May 23 (Reuters) - British discounter B&M European Value Retail BMEB.L reported an 8.7% rise in full-year profit and said it had entered its new financial year with renewed trading momentum.
The company, which trades from around 620 B&M stores and 281 stores under the Heron Foods and B&M Express brands in Britain as well as the Jawoll chain in Germany and Babou brand in France, said on Thursday it made a pretax profit of 249.4 million pounds ($315.4 million) in the year to March 30, on revenue up 17.1% to 3.49 billion pounds.
It said it had made a "pleasing" start to its new financial year with first quarter like-for-like sales up "mid-single digit" in B&M UK fascia stores.
($1 = 0.7908 pounds)
(Reporting by James Davey; editing by Kate Holton)
((james.davey@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
