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In the previous year, profits were 3.9 million pounds, or $7.9 million, on sales of 45 million pounds, or $90.4 million. All dollar figures have been converted from the pound at average exchange rates for the period.
The company said the drop in net profits was a result of the costs associated with new store openings and increased marketing spending.
Pretax profits for the year dropped 16 percent to 5.2 million pounds, or $10.3 million.