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By
Reuters
Published
Sep 22, 2014
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Suit specialist Moss Bros' first-half profit slips

By
Reuters
Published
Sep 22, 2014

British suit specialist Moss Bros reported a marginal drop in first-half pretax profit, hurt by increased investment in marketing and acceleration in its store refurbishment programme.

The company, which sells and hires out formal clothing in the UK through its Moss Bros, Moss, Moss Bros Hire and Savoy Taylors Guild brands, made a pretax profit of 1.95 million pounds ($3.19 million) from 2.23 million pounds a year earlier.

Total revenue rose about 5 percent to 55.8 million pounds.

1 US dollar = 0.6120 British pound

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