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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/profits-boost-for-french-connection.jpg"><img class="alignnone size-full" title="Shares in fashion retailer French Connection have soared" src="http://londonglossy.com/wp-content/uploads/2011/02/min-profits-boost-for-french-connection.jpg" alt="Shares in fashion retailer French Connection have soared"/></a></p>
<p>Shares in fashion retailer French Connection have soared after it said profits would be higher than its previous expectations despite the tough conditions on the high street.</p>
<p>The company said pre-tax profits would be least £6.8 million in the year to January 31, which was comfortably ahead of City forecasts and previous guidance from French that profits would be between £2.6 million and £5.1 million.</p>
<p>The profits surge is due to wholesale outlets and licensing, while its own stores, which account for about 55% of revenues, have performed in line with previous guidance in November, when sales were down by almost 8%.</p>
<p>The group posted bottom-line losses of £24.9 million in the previous year but restructured the business by taking measures including the sale of the loss-making Nicole Farhi brand and the closure of its Japanese business and some stores in North America and Europe.</p>
<p>The shake-up left French Connection with its UK and European retail and wholesale operations, the Great Plains wholesale-only ladies wear range and Toast, its mail-order fashion and homeware brand.</p>
<p>Shares have risen 22% as analysts upgraded their forecasts for this year and next.</p>
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