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WH Smith has reported a slight dip in profits for the six months to 28 February, with pre-tax profits falling 1 per cent to £82m amid a “challenging” Christmas period.
Sales at its high street stores fell by 5 per cent for the half-year period, but its travel division saw a 7 per cent hike in sales due to increased numbers of passengers passing through.
The retailer, which consists of 800 stores in travel locations, is also planning a major expansion at Madrid Airport and its first outlets in South America.
Meanwhile, WH Smith’s chief executive Stephen Clarke said: “The Group has delivered another good first half performance.”