Ottakar's story of booming sales
12 April 2012
OTTAKAR'S is spending £1.65m to buy eight stores from the administrators of former bookselling rival James Thin.
The deal should boost annual sales by at least £10m and along with plans for seven other new store openings this year will be the cornerstone of growth.
Booming sales of Lord of the Rings and Harry Potter titles at its 78 outlets helped lift full-year pre-tax profits to 26 January 43% to £4m on sales up 14% at £98m.
The dividend rises 28% to 3.2p. The shares were up 6 1/2p to a 30-month high of 172 1/2p.
