Pre-tax profits were up 31 per cent to£1.9 million for the six months ending September 30, compared to£1.5 million in the first half of last year. Operating profits increased by 3 per cent to£9.7 million, compared to£9.4 million the year before.
Sales in the home shopping sector were lower than last year at£95.2 million, compared to£97.2 million the previous year.
The company, which sends out 3 million mail order catalogues a year, revealed it was exiting its clearance store outlets and reviewing its mail order facilities in order to save them about£8 million.
A possible demerger from the educational and medical supplies business is also under consideration, but remains on hold for Christmas, with further announcements expected to be made in the early months of next year.
The company recently acquired Letterbox, Kitbag.com, I want one of those.com, Confetti.co.uk and Kleeneze.
Findel chairman Keith Chapman said: 'The year to date has been one of intense activity for the Group. The strategic review, and the actions we have taken as a result, mean that the Group is much better placed to maximise its potential.
For educational supplies, sales in the first six months were flat at£89.2 million. The company cited lack of educational funding as the main reason for this.
Overall sales in health care were down at£25.1 million, compared to£26.6 million the year before.
No comments yet