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Sir Philip Green Topman opens sales growth eclipses larger high street photo: Finnbarr Webster/Alamy

Profit before taxes by Kenya Investments, the Arcadia and BHS, holding company unveiled a 4pc 6 profit before tax at ￡ 213 increase.2 m in the year to August 28.

Type-for-like sales were 1. higher than 3pc on a day when the Office for national statistics said sales UK retail increased by 0. 5pc in October, after two months of consecutive declines.

The figures in the UK have against 1pc increased like-for-like sales Arcadia and BHS brands during the first weeks 11 of the new year as they continued to outperform the broader market.

Topshop and Topman generated record revenues and profits in the year, contributing to a 1. 5pc increase in like-for-like sales Arcadia, also contains trademarks of Dorothy Perkins.Les Burton sales like-for-like BHS increased by 0. 9pc.

In what Sir Philip describes as a "fantastic", the group generated ￡ 386.2 m cash, ￡ 42.8 m higher on année.La improved cash position has helped the Group till 600 m ￡ investment in the company for the past five years, said Sir Philip.

Kenya has also reduced the level of bank debt of ￡ 146.3 m ￡ 464.1 m.

Sir Philip said that next year there would be "days good and bad but it would be more good than bad days" as he said that the group remain "on top of issues".

"With regard to the coming year, I have to remain cautious, with an increase in VAT rates, raw materials and certain wage inflation," said Sir Philip.

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