JD Sports rallies after first-half profit, revenue climb

JD Sports Fashion

JD, +6.29%

rallied nearly 7% in London as the sporting-goods retailer reported a 37% increase in first-half comparable EBITDA to £235.2 million, with revenue rising by 47% to £2.72 billion. The company said without the impact of the transition to a new accounting standard, it would have been on track to report pretax profits at the top end of market expectations, but will now deliver results at the mid-point of expectations.

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