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The group that runs more than 460 Halfords stores and national car Autocentres 240-site maintenance company acquired in February, said Thursday that he would profit for full-year within the range of the expectations of the market.

Halfords has made profits before tax of ￡ 68. 7 m in the six months to October 1, compared to ￡ 60.9 m in the same period last year.

Product group increased by 7 3pc at ￡ 456.3 m, while sales at stores open more than one year fell 4 9pc reflecting the new Coventry distribution warehouse teething problems.

Gross margins for the Halfords have been up to 35 basis points, with the currency and inflation winds compensated by better purchase and sale of accessories margin above.

The firm said commercial conditions remain difficult in the six weeks since the end of the year half of like-for-like sales low 5MC Halfords, but 1. Autocentres 2pc.

Halfords triggered its interim dividend by a third party to 8 percent.

Halfords, who had fallen 14pc in three months, shares fell initially Thursday morning before retrieve a 3 5pc by afternoon trading.

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