Online and catalogue company Findel has reported a 'strong year' at its Express Gifts division and reduced losses at fitness site Kitbag.
Express Gifts increased its customer base by 8 per cent and sales rose 13.4 per cent in the year to March 29. Operating profit incrreased 15.9 per cent.
'Our improved offer in terms of value and range continues to prove attractive to our customers and the investments we have made in the business are beginning to bear fruit,' the company said.
It said Kitbag made a 'substantial recovery' during the year which led to strong sales growth and narrowed operating losses from £4.2 million to £1.7 million.
Group sales at Findel, which also sells educational supplies to schools, increased 8 per cent to £580.6 million. Profit before tax increased 45 per cent to £15.5 million.
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