Discount retailer’s operating profit climbs to £8m following strong sales growth and an increase in AB demographic shoppers.
Chief executive Jim McCarthy commented: "In the current economic climate, Poundland's unique single price strategy is providing even greater value to our loyal and expanding customer base."

He added: "Recently we have seen a significant 20% year on year increase in the number of AB shoppers who are now also benefiting from our amazing value. We will continue to grow our store estate significantly during 2008/09.

We have already opened 20 new stores so far this financial year, with a further 10 to be added before Christmas 2008, bringing our total estate to over 200 stores."