Marchpole posts interim results for six-months ended Sept 30
15 Nov '06
2 min read
Marchpole Holdings plc, the international fashion brand management group which designs, produces and sells high quality clothing and accessories for eight world class brands (Yves Saint Laurent, Boateng, Jean-Charles de Castelbajac ("JCC"), Jean-Charles de Castelbajac/Rossignol, Jean-Charles de Castelbajac/OKAIDI, Emanuel Ungaro and Ungaro Homme, and Homebody) announces its interim results for the six months ended September 30 2006.
Financial and Operational Highlights Turnover up to £38.6 million (2005:£14.9 million). Operating profit £5.0 million (2005: £1.2 million). Profit before tax £4.0 million (2005: £1.0 million). EPS of 10.2 pence per share (2005: restated 2.3 pence, restated for 1 for 5 share consolidation).
Acquisition of luxury clothing company Homebody JCC licence agreement with global childrenswear brand OKAIDI. JCC flagship store opened in Kobe, and further store to open in Tokyo. Interim dividend increased to 1.5 pence (2005: restated 1.25 pence).
Commenting on the results, Michael Morris, Executive Deputy Chairman, said: “During the last six months the evolution of the Company from being a single brand, single country business into a diversified multi-brand and international business has continued in line with our strategy."
"We are delighted with the progress made in securing additional licence and distribution agreements for both JCC and Emanuel Ungaro, and also the acquisition of the luxury brand Homebody."
“I am also delighted that the dispute with Bespoke Couture and Ozwald Boateng has been successfully resolved, and with costs awarded in our favour."
"We are confident that the Company is in a strong position to continue its growth both through further licensing agreements and acquisitions."
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