Signs of recovery for Mothercare

<p>Mothercare has revealed signs the company is recovering.</p>

Mothercare's latest financial results show that the firm made an underlying profit in the six months to October 12th.

Having gone through a difficult period, the company stated that it has seen signs of recovery, although it still made a loss.

Mothercare confirmed that it made a loss of £11 million, which took into account one-off restructuring costs, but underlying profit was up to £2 million for the half-year.

This was up from the £1.8 million loss recorded by the company a year ago and shows the progress that has been made in recent months.

"The benefits of the changes we are making to the business are clear, with a return to underlying profit," said chief executive Simon Calver.

"Our international business continues to deliver double-digit growth and the opportunities in these markets remain."

However, the share price of the firm is down in the early stages of this morning's (November 22nd) trading session despite the return to underlying profit.

At 08:08 GMT, its stocks were down by more than two per cent on the start of the session.

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