Walker Greenbank FY pretax profit, sales up 15 pct; current trading strong

Date : 04/10/2008 @ 3:26AM
Source : TFN
Stock : Walker Greenbank (WGB)
Quote : 15.25  0.0 (0.00%) @ 2:54AM
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Walker Greenbank FY pretax profit, sales up 15 pct; current trading strong

        LONDON (Thomson Financial) - Walker Greenbank Plc., said its full-year
pretax profit grew 15 percent to 3.10 million pounds from 1.42 million,
excluding an exceptional credit of 1.28 million, a year earlier largely driven
by its sustained brand strength and favourable market conditions.
    The luxury interior furnishings group said its revenues for the year ended
Jan 31, 2008 also grew 15 percent to 62.45 million pounds from 54.36 million
pounds, while the underlying operating profit for the year increased 60 percent
to 3.96 million pounds.
    Walker Greenbank chairman Ian Kirkham said: "We are confident that our
strategy will deliver growth in both revenue and profits in the coming years."
    He added, "Two months of our current financial year are now completed,
during which time the group has continued to trade strongly. We remain confident
of a very satisfactory outcome for the year."
    The company said it does not propose any dividend for now.
    
TFN.newsdesk@thomson.com
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