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IC Companys Exceeds Expectations
11-08-2010
10:09
Danish clothing and fashion group IC Companies posted an operating profit t of DKK 283 million for 2009/10, the company said in a statement issued today. This was achieved despite revenue falling by three percent, or DKK 3.5 billion for the year. Pre tax profits for 2009/2010 stood at DKK 277.4 million compared to 151.3 billion in 2008/09
IC Companys ended its accounting year with an EBIT of DKK 282.6 million, which exceeded the company’s own expectations of DKK 240-270 million
.
Over the past year, the group’s net debt fell by DKK 290 million to DKK 243 million, and is cost base fell by DKK 272 million compared to 2007/08, the company said. As a result of the positive figures, the board had approved a dividend of DKK 4.25 per share,
“Revenue setbacks being reported in previous quarters have been replaced by growth for fourth quarter 2009/10; a trend that is expected to continue for the financial year 2010/11” the company said
IC publishes its full annual results during the traditional half yearly result season
IC Companys ended its accounting year with an EBIT of DKK 282.6 million, which exceeded the company’s own expectations of DKK 240-270 million
.
Over the past year, the group’s net debt fell by DKK 290 million to DKK 243 million, and is cost base fell by DKK 272 million compared to 2007/08, the company said. As a result of the positive figures, the board had approved a dividend of DKK 4.25 per share,
“Revenue setbacks being reported in previous quarters have been replaced by growth for fourth quarter 2009/10; a trend that is expected to continue for the financial year 2010/11” the company said
IC publishes its full annual results during the traditional half yearly result season
*****||*****IC Companys Exceeds Expectations*****||*****Danish clothing and fashion group IC Companies posted an operating profit t of DKK 283 million for 2009/10, the company said in a statement issued today. This was achieved despite revenue falling by three percent, or DKK 3.5 billion for the year. Pre tax profits for 2009/2010 stood at DKK 277.4 million compared to 151.3 billion in 2008/09*****||*****
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