Although the vast majority of its global store estate was closed for weeks during its first half, JD’s overall revenue declined just 6.5% to £2.5bn in the 26 weeks to August 1.
Profits, however, were harder hit, tumbling 61% to £61.9m before tax and exceptional items. The retailer attributed the slump to costs associated with ramping up and running its online operations to meet increased customer demand.
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