TIDMNXT

RNS Number : 2048A

Next PLC

25 September 2020

Next plc

Replacement: Results for the Half Year Ending July 2020

This announcement corrects a technical error in the announcement published at 7 am on 17 September (RNS number 2805Z). The error, which understated our statutory sales, is not material and there is no impact on Profit Before Tax. It relates to the reporting of our commission sales in the Segmental Analysis, Note 3 of the Financial Statements, which analyses the difference between "Total Sales" and statutory revenue.

Where third-party branded goods are sold on a commission basis, only the commission receivable is included in statutory revenue, whereas "Total Sales" includes the full customer sales value of commission based sales. When analysing the difference between "Total Sales" and statutory revenue in our 17 September announcement, the Online commission sales adjustment was too high and therefore reduced statutory sales by more than was required. After correction, our total statutory revenue has increased from GBP1,290.1m to GBP1,332.7m. The corrected announcement, which includes the amendment in Appendix 1, the Unaudited Consolidated Income Statement and Note 4, can be found at the following link https://www.nextplc.co.uk/investors/reports-and-presentations/2020-21 .

All other details remain unchanged.

S L Anderson

Company Secretary

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

IR PPUAGBUPUGQA

(END) Dow Jones Newswires

September 25, 2020 12:20 ET (16:20 GMT)

Next (LSE:NXT)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Next Charts.
Next (LSE:NXT)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Next Charts.