Faith Profits Up

Fashion footwear multiple Faith reported profits up 23.8 per cent to GBP 2.6m for the year ended June 29, 2002. Turnover was up 4 per cent to GBP 38m. The last of its Topshop concessions will close in August 2004. Profits and turnover are not expected to be hit until year-end June 2003 and June 2004.