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Multiple sees profits rise

Specsavers' pre-tax profits increased around 3 per cent to £26.5m over the year ended February 28, 2009 according to accounts filed in December at Companies House.

Specsavers' pre-tax profits increased around 3 per cent to £26.5m over the year ended February 28, 2009 according to accounts filed last December at Companies House.

Registered as a private company, the family-owned business, which has around 1,400 practices worldwide, posted turnover of £341.5m for the period in comparison to £307.8m the year before.

Specsavers' net profit on ordinary activities for the year was £19.3m, up from £17.7m the year before.

Wages and salaries for over 26,000 staff that Specsavers employs worldwide amounted to £48.9m for the group and £17.3m for the company. The accounts also revealed that the company's highest paid director received £191,300, up from about £176,000 the previous year.

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