NEW YORK — Sizable gains from its businesses in the Americas lifted profits and helped maintain revenue levels for The Body Shop International PLC for the year.
For the year ended Feb. 28, the English skin and hair products retailer said profits after taxes and dividends climbed to $16.9 million, or 10.1 million pounds, from $3.2 million, or 2.1 million pounds, in the previous year.
Revenues remained essentially flat for the year, coming in at $637.8 million, or 381.1 million pounds. Comparatively, the company reported revenues of $584.2 million, or 381 pounds, in the previous year.
Figures have been converted to dollars at average exchange for the corresponding periods.
“Our strategy is to move the brand to a ‘masstige’ positioning by developing innovative and credible products for our customers at affordable prices,” said Adrian Bellamy, executive chairman, and Peter Saunders, chief executive officer, in a statement.
Revenues generated from the Americas led globally and buoyed results, rising 13 percent to $210.6 million, or 125.8 million pounds, from revenues of $170.7 million, or 111.3 million pounds.
The company’s home market remained its largest, but suffered the greatest declines during the year. Revenues generated in the U.K. and the Republic of Ireland slid 11.8 percent to $217.6 million, or 130 million pounds, compared with $226 million, or 147.4 million pounds, in the previous year.
According to a statement, the company is embarking on a $177.4 million, or 100 million pound, expansion campaign to be carried out over the next several years.
— Ross Tucker