B&M (LON: BME) reports a 95% increase in first half core revenue for the six months ended September 26th.
At the High Street Disc counter, profits surged in lockdowns, with revenues rising 25.3% to £2.24 billion.
B&M adjusted its revenue before interest, tax, depreciation and amortization to £295.6 million.
The group closed 10 stores this year, but plans to open another 40-50 stores in the UK.
“Despite the broader economic uncertainty and continued restrictions associated with Covid-19, we are confident in our business model and our future prospects.”
In France, the Babou business was hit “badly” by the lockdown.
The group said: “Unfortunately, about half of our French stores remain open, but we are currently restricted to selling essential items only during the lockdown in November.”
The group’s stock (LON: BME) has grown 49% over the past year.
