Designer brand Ted Baker announces 6.4% increase in revenue
12 Jun '07
3 min read
This change in balance within our turnover will lead to a shift in the phasing of profit from the first half to the second half, but the outlook for the financial year as a whole remains unaffected. In March we purchased, out of available cash resources, 830,807 of our own shares at 590.0p per share to be held in treasury.
Commenting on trading, Ray Kelvin, Founder and Chief Executive, said: “We are pleased to report that trading across the Group has been in line with our expectations. We remain dedicated to the careful global expansion of the brand in the Far East and Asia, through our licence partners and we plan to open new stores in Dublin and Brighton in the second half of the year. While the results for the full year will, as always, be dependent on trading in the second half of the financial year, the Board remains confident of another successful outcome for the year.”
marketing@alchempro.com
