By Matthew Roscoe • 18 November 2020 • 10:54
BRITISH bicycles and car products retailer Halfords profit more than double from a bike boom in Britain following COVID-driven sales.
The company reported on Wednesday, November 18, that it made an underlying pretax profit of £56 million (€63 million) in the six months to October 2.
The positive news from Halfords means that these latest figures are up from £25.9 million (€29 million) in the same period last year.
Since the start of the pandemic, Britons have tried their best to avoid using public transport to fit in with government-issued COVID guidelines which has seen an increase in the popularity of cycling.
Brits have also been utilising bike riding as a part of the mandatory exercise time set by the UK government.
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Originally from the UK, Matthew is based on the Costa Blanca and is a web reporter for The Euro Weekly News covering international and Spanish national news. Got a news story you want to share? Then get in touch at [email protected]
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