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Greenmark trades profitably & in line with expectations
02 Feb '08
2 min read
Greenmark Ltd, our footwear subsidiary, trades profitably and in line with expectations. Homebody Ltd continued its development and the brand is developing its website sales and in overseas markets.
Despite the progress we have made in all areas of our business, the difficult trading conditions in the UK and the USA have had an adverse impact on our sales and profit performance during this period. Therefore, the outturn for the year to 31 March 2008 will result in a loss.
The measures taken during the current period will put the Company in a good position to increase its customer base and to take advantage of future profitable trading opportunities. We continue to focus on seeking licensing agreements for the further expansion of our business.
Despite the progress we have made in all areas of our business, the difficult trading conditions in the UK and the USA have had an adverse impact on our sales and profit performance during this period. Therefore, the outturn for the year to 31 March 2008 will result in a loss.
The measures taken during the current period will put the Company in a good position to increase its customer base and to take advantage of future profitable trading opportunities. We continue to focus on seeking licensing agreements for the further expansion of our business.
Marchpole Holdings plc
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