Lyle & Scott saw its net profit decline by 13.2 percent to £5.3 million (€6.0m-$8.5m) in the financial year ended last March 31. Sales grew by 0.47 percent to £34.3 million (€39.1m-$54.9m), with a 20 percent rise in export markets, and the gross margin rose slightly to 52.6 percent, but operating earnings fell by 12.3 percent to £7.5 million (€8.6m-$12.0m) due to higher investments in people, property and systems.

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