Ellis Brigham stated it had new stores planned to take it into “new geographies” as it reported a slight increase in turnover to £23.8 million (€27.0m-$32.7m) for the year until the end of June 2017, up from £23.2 million. The report filed for Ellis Brigham Mountain Sports shows that its gross profit declined to £9.4 million, down from £9.9 million. The company reduced its expenses and ended the year with operating profit of £297,313 (€337,038-$408,311m), up by 5.4 percent, but it ended the fiscal year with a decline in profit of about 10.5 percent to £229,405 (€260,115m-$315,091m). The company, which runs more than 20 outdoor stores, says in its strategic overview that its management is satisfied with the performance, given its significant spending on new and existing projects. Spending on refurbishment of the stores is set to continue until the end of the next financial year, the report adds. Other significant investments went into websites and the retailer's multi-channel approach, which should lead to the launch of new websites in the coming year.

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