Marchpole posts Q1 sales - to develop new markets for JCC product in London, Paris & Milan
08 Jun '05
7 min read
Operating profit has increased by £2.2 million, 80%, to £5.0 million (2004: £2.8 million) on turnover up 62% to £32.5 million (2004: £20.0 million).
Profit before taxation of £4.7 million (2004: £2.7 million) has been achieved, giving a basic EPS improvement of 64% to 2.3 pence per share (2004: 1.4 pence per share). The board is also delighted to recommend the payment of a final dividend of 0.45 pence per share, which added to the interim dividend of 0.25 pence per share gives a total dividend for the year of 0.7 pence per share (2004: 0.25 pence).
The final dividend is proposed to be paid on 9 September 2005 after the completion of the Company's Annual General Meeting. Licences Emanuel Ungaro and Ungaro In September last year we announced that the Company had entered into a significant worldwide licence agreement with Emanuel Ungaro S.A. to launch Emanuel Ungaro menswear. This agreement will run for eight and a half years and covers all product categories.
They worked quickly to appoint the renowned designer, Jose Levy, to develop the collections, which have been well received by customers and by the press. Subsequently we have signed a sub-licence agreement with Camiceria Giemme, a business which had an existing relationship with the house of Emanuel Ungaro.
This agreement commences with the Spring Summer 2006 season in January 2006 and runs for five years with minimum guaranteed royalties over this period of €1.375 million.nces with the Spring Summer 2006 season in January 2006 and runs for five years with minimum guaranteed royalties over this period of €1.375 million. This partnership also includes a contribution to advertising and marketing of €150,000 per annum. We have also secured an initial distribution agreement with a Japanese partner Onward Kashiyama Corporation which commences with Spring Summer 2006 and has minimum guarantees of €600,000 over the three season term.
marketing@alchempro.com
