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Date: Tuesday 07 Oct 2008

LONDON (ShareCast) - Mail order group N Brown shrugged off talk of economic downturns to lift first half profits by 20% with sales growth also strong into the second half.

Underlying pre-tax profit rose to £40.8m in the half-year to August, well above forecasts. Sales rose 12.6% to £322.8m. Online sales rose by 45% to £106m.

"The trends evident in the first half have carried through into the first five weeks of the second half. Revenue is up by 11.8% with good progress being made in all major product and customer groups. Online sales have also continued to develop and represented 35% of total sales in the 5 weeks to 4th October 2008," chief executive Alan White said.

"The uncertain length and depth of the economic downturn still worries retailers generally, but the increase in sales for the first five weeks of 11.8%, give us confidence that we can continue to deliver growth in the second half," he added.

The interim dividend rises by 5% to 2.78p.






and had stayed robust, up 11.8 percent, in the five weeks to Oct. 4.

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