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.
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)