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		</div><p>Profits at Halfords have nudged up as the retailer&#8217;s turnaround continues under chief executive Jill McDonald.</p>
<p>The car parts to bicycles firm said full year pre-tax profit rose 0.5% to £81.5m after sales at its retail and Autocentre arms saw growth.</p>
<p>Ms McDonald said: &#8220;This was a solid performance and we gained market share in both our motoring and cycling divisions.</p>
<p>&#8220;In cycling our sales improved in the second half of the year and cycle repair delivered good growth. The Moving Up A Gear strategy aimed at driving sustainable long-term growth is developing well.&#8221;</p>
<p>Revenues grew 1.7% to £1bn and group like-for-like sales increased 1.5% over the year.</p>
<p>Halfords also announced the launch of an exclusive bike range from double Olympic gold medallist Laura Trott. It is the latest initiative aimed at driving bike sales following a slump during its peak summer trading period last year.</p>
<p>Like-for-like sales in cycling over the year fell 0.9% as the firm flagged &#8220;weaker market conditions&#8221; in the category.</p>
<p>Last month, Halfords splashed out £18.4m to acquire online company Tredz, along with Wheelies, the UK&#8217;s largest provider of bicycle replacement for insurance companies.</p>
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