Greek Fourlis Q1 net profit rises 191.7 pct to 12 mln eur on solid sales |
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Published
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Tue, 29 May 2007 15:55
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ATHENS (Thomson Financial) - Greek household and sporting goods retailer Fourlis said that first quarter net profits rose 191.7 pct year-on-year to 12 mln eur on solid sales growth.Fourlis' turnover in Q1 2007 rose 35.4 pct year-on-year to 125.6 mln eur while EBITDA jumped 121 pct to 20.5 mln eur. EBITDA includes a 7.01 mln eur one-off gain derived from the sale of its 10 pct stake in Kostovoulos.Its IKEA franchise saw Q1 sales growth of 30 pct to 50.2 mln eur. Sporting goods unit Intersports sales rose 36.8 pct year-on-year while Fourlis' electronics division's sales rose 39.5 pct year-on-year to 63.8 mln eur.cheryl.novak@thomson.comcn/dcaCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Greek Fourlis sells 10 pct stake in Kotsovolos to Dixons Group for 22.3 mln eur 