WH Smith shares up on profits news

<p>Shares in WH Smith rose on the back of profits news.</p>

The share price of WH Smith rose today (April 11th) after the company revealed it has seen steady growth in sales and profits.

It was announced by the firm that it has experienced a five per cent hike in its profits in the six months to the end of February, a period during which it made £69 million.

Stocks in WH Smith are up by almost six per cent on the back of the news and WH Smith's chief executive, Kate Swann, who is soon set to leave the company after a decade, stated the trading environment is expected to remain "challenging" for the organisation.

She said: "However, the business is in good shape and is well positioned for continued growth in both the UK and internationally."

Profits margins were shown to be up by 1.6 per cent, while the share price has now reached a point that is 50 per cent higher up on three years ago.

At 15:30 BST today, the WH share price was recorded at 788, up 43 points on the start of the day's trading.

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