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Sports Direct 'confident' of hitting target after profits rise almost 23%

Sports Direct is confident of hitting its full year target after posting a profit rise of nearly 23% during the Christmas period.

The sports chain said its gross profit grew 22.7% to £244.8million for the 13 weeks to January 27 2013.

Its sales for the period increased by 21% to £589.5million.

The profits rise also increased share prices for the company, which went up 19.45p to 435.45p.

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