JD Sports Fashion H1 Pretax Profit Rises to £241M Despite Organic Sales Decline

JD Sports Fashion (JD.L) reported first-half pretax profit of £241 million ($324 million) on Sept. 23, up from £138 million a year earlier. Statutory basic earnings per share rose to 3.45 pence from 0.80 pence. Organic sales fell 0.7% in the period, signaling underlying demand pressure despite the profit gain. Adjusted pretax profit figures were also reported. The company did not disclose full revenue figures in the initial release. Shares trade on the London Stock Exchange under ticker JD.L.