The White Company and Charles Tyrwhitt turnover rises in FY17

Bectin, owner of the White Company and Charles Tyrwhitt has reported a decline in gross profit to 14.9 million pounds (21 million dollars) against 15.9 million pounds (22 million dollars), while gross profit margin dropped from 56 percent to 54 percent for the year ending March 25, 2017.

However the company said, The White Company’s turnover increased to 198.4 million pounds (280 million dollars) compared to 184.3 million pounds (260 million dollars) last year, while operating profit for the year rose 1.8 percent to 17.6 million pounds (24.8 million dollars).

In a Companies House UK filing, Bectin said that Charles Tyrwhitt revenues for the year under review rose to 194.4 million pounds (274.5 million dollars) from 114.7 million pounds (161.9 million dollars) in the previous year.

Three The White Company stores and two Charles Tyrwhitt were opened during the year and by the end of the year the company operated 57 White Company and 22 Charles Tyrwhitt stores.

The company added that the UK's decision to leave the EU has resulted in uncertainty for the outlook of the UK economy, and although difficult to gauge all the implications, the presence in overseas markets provides the company a strong position to continue its growth. The company also has plans to open further stores in the UK.

Picture:Facebook/The White Company