Flying Brands target younger customers

The London Stock Exchange-listed company on Friday reported end-of-year profits before tax of £5.

million on sales of £42.

million.

Sales including new acquisitions were up by 17% to the end of December 2006 but like-for-like fell by three per cent on the previous year.

Profit remained level with 2005.

The directors are recommending a final dividend increase of five per cent to 6.

p per share, making a total dividend payment of 9.

p per share.

Flying Brands started as Flying Flowers in the 1980s but now includes a number of other internet and mail-order brands.

The company focuses on three main areas: gifts, gardening and entertainment.

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