JD Sports expects bumper year after pandemic dip

JD Sports expects profits to rebound strongly as coronavirus restrictions ease after reporting a decline for in the bottom line for the year to January 30. The FTSE 100 retailer said pre-tax profit was £324m for the 12 months, down from £348.5m the previous year, despite a slight rise in revenues to £6.17bn. Group pre-tax profits for the current year are expected to jump to between £475m and £500m.