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Profit Boost for clothing company, Bjorn BorgThursday, 09 February 2012
Clothing company Bjorn Borg reported a profit after tax of Skr 49 million for the fourth quarter of 2011 (17.6). Earnings per share amounted to Skr1.92 (0.70).
The result includes a positive tax item of 33.9 million (-6.6).
In brackets relation similar period in the past year.
See full report attach here
"Despite the weak retail market conditions Björn Borg reached unchanged net sales because of the larger investments for the future initiated in 2011. These investments affected our result negatively, but paves the way for future profitable growth. In 2012 we are taking another important step in our continued expansion by establishing Björn Borg in China,” said CEO Arthur Engel in a press release.
By Scancomark.se Team
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