LONDON (Thomson Financial) - Womenswear retailer Jacques Vert Plc. posted a
much lower full-year profit, citing the slowdown in the retail environment, and
said it expects the remainder of this financial year will continue to be
characterised by difficult trading conditions.
For the year to Apr. 26 2008, the company\'s pretax profit fell to 4.32
million pounds from 19.89 million a year earlier, while revenue rose slightly to
114.94 million pounds from 114.14 million.
Sales in the 10 weeks since the year-end are 5.9 percent lower than last
year and also 5.9 percent lower on a like-for-like basis, but gross margin
percentage is slightly ahead year-on-year, it added.
\"Our brands have performed well in difficult trading conditions. I am
confident that our strong financial position will enable us to benefit from any
improvement in the market,\" said chairman Steve Bodger.
TFN.newsdesk@thomson.com
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