Sports Direct Takes A Hit In Annual Profit

Despite an increase in total revenues of 9 percent to £1.37 billion (€1.59bn-$2.26bn) for the fiscal year ended April 26, Sports Direct International had to endure a 91 percent drop in pre-tax profits to £10.7 million (€12.4m-$17.7m). Foreign exchange cost the company £27 million, and write-downs another £31 million. Without ...