Sports Direct reports 72.5 percent drop in annual profit

Sports Direct International Plc’s revenue for the year ended April 29, 2018, increased by 3.5 percent to 3,359.5 million pounds (4,387 million dollars). Reported profit before tax was 77.5 million pounds (101 million dollars), down 72.5 percent, which the company said was largely due to an 85.4 million pounds (111.4 million dollars) impact from its Debenhams strategic investment. Reported earnings per share fell by 88.3 percent to 4.6p, while underlying basic earnings per share increased by 74.6 percent to 19.9p.