Ted Baker Plc, UK fashion brand, reported a drop of 18.4 per cent in its pre-tax profit for the first six months of the year, but said its performance was better than expected owing to the strong performance of its UK arm.

Ted Baker's pre-tax profit dropped to £6 million as compared with £7.4 million last year.

The group said its retail sales soared by 15 per cent in the first half ended August 15. But, sales of menswear plunged by 105 per cent to £39.7 million.