By Jonathan Davies

Stationary and bookstore chain WH Smith has reported a 9% rise in its full-year profits.

Pre-tax profits for the year to the end of August were up to £112m after what WH Smith described as a "strong performance".

Like-for-like sales however fell by 3% during the year. WH Smith also announced an additional share buyback "of up to £50m".

Group chief executive Stephen Clarke said: "The Group has delivered a strong performance with EPS [earnings per share] up 18% year on year."

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