Marchpole posts Q1 sales - to develop new markets for JCC product in London, Paris & Milan
08 Jun '05
7 min read
Clothing and accessories retailer Marchpole Holdings plc announced its preliminary results for the year ended 31 March 2005. 'Increasing profitability and dividend'
Financial Highlights • Operating profit up 80% to £5.0m (2004: £2.8m). • Profit before tax up 79% to £4.7m (2004: £2.7m). • Turnover up 62% to £32.5m (2004: £20.0m). • EPS of 2.3 pence per share (2004: 1.4 pence) a growth of 64% on prior year. • Final dividend of 0.45 pence per share proposed payable in September 2005 (2004: 0.25 pence). • Autumn Winter 2005 order books stand at £14.9m (compared to £14.0m at the same time last year).
CHAIRMAN'S STATEMENT I am pleased to present to you the preliminary results of Marchpole Holdings plc for the year ended 31 March 2005. The business continues to grow turnover, improve profitability and enhance shareholder value. The future potential of the business lies within the expertise of managing branded apparel on a worldwide platform. This platform has been established over the last two to three years and will become increasingly more efficient as the Company develops.
The major signing in September of the partnership with Emanuel Ungaro S.A. on the design and distribution of menswear worldwide demonstrates the unique approach and the expertise offered by the Company.
This exciting new agreement also demonstrates our ability to form new partnerships that provide the Company with strong growth potential for the future. Results & Dividend Continued improvements in the business are shown in the profit and loss account for the year ended 31 March 2005.
marketing@alchempro.com
