TJ Morris has posted operating profits of £57.5m for the past year.

The figure, for the 12 months to 30 June, represents an increase of 24% over the previous year. Turnover at the discount retailer, which trades as Home Bargains, hit £721m.

“This result has been achieved through continuous improvement in everything we do, significant re-investment and hard work,” said operations director Joe Morris.

TJ Morris opened 30 new stores last year and plans to open another 250 additional stores over the next five years.

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TJ Morris to open second London store (24 September 2011)
Food on Home Bargains site (20 August 2011)
TJ Morris has second stab at online discount retailing (29 July 2011)