JD Group expects lower full year earnings

Furniture retailer JD Group said today that for the 12 months ended August its headline earnings and earnings per share attributable to shareholders are expected to be between 47% and 57% lower than those reported for the previous corresponding period. Its operating profit before debtors costs, net finance costs and taxation for the 12 month period is expected to be between 25% and 35% lower than reported for the previous corresponding period, it said in a trading update. The group's results will be released on 17 November.