Home / Knowledge / News / Fashion / Alexon sees strong performance of Eastex brand, interim results

Alexon sees strong performance of Eastex brand, interim results

27
Sep '05
Fashion retailer Alexon Group plc announces Interim Results for the 26 weeks ended 30 July, 2005. These results have been prepared in accordance with International Financial Reporting Standards (IFRS) that are expected to be applicable to the 2005/06 full year financial statements. Comparative figures have been restated accordingly.

As permitted, the interim financial statements have been prepared in accordance with the UK listing rules and not in accordance with IAS 34 “Interim Financial Reporting”.

Key Points
- Overall sales of £197.7m (2004: £197.9m) and like for like sales down 1 percent;
- Operating profit of £7.8m (2004: £10.9m); ?? Basic earnings per share of 9.45p (2004:13.74p);
- Interim dividend declared of 3.00p per Ordinary Share (2004: 2.83p);
- Share buyback programme continued with 980,000 shares purchased for cancellation for an aggregate sum of £2.7m.

Alexon Brands
Alexon Brands put in a sound performance on its continuing business, with like for like sales growth of 2.8 percent, coupled with a modest increase in gross margins. The operating profit for the half was £9.2 million (UK GAAP £9.5m) compared to £10.1 million (UK GAAP £10.3m) in the prior year.

The Division was hit by the loss of 73 Allders concessions, which impacted at the beginning of the second quarter, and increased concession commission rates. Profits were also affected by increased host store commission rates. The strongest performances by brand came from Eastex, which is geared to the older customer and is particularly resilient in a tougher retail climate, and Alex & Co., which has successfully replaced the eponymous Alexon brand.


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 28th Feb 2020

Cambodian PM urges PRC to export raw materials by air, sea

Prime Minister Hun Sen recently urged Chinese ambassador to Cambodia...

Pic: Shutterstock

Textiles | On 28th Feb 2020

Pak govt urged to help clear consignments from China

The Sindh Industrial Trading Estate (SITE) Association of Industry...

Pic: Shutterstock

Textiles | On 28th Feb 2020

Coronavirus an opportunity for Indian textile industry?

While scientists across the world are busy developing vaccine and...

Interviews View All

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Awen Delaval, Samatoa

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Luciano Sardini,

Luciano Sardini

A consolidated reality in Italy and internationally, IMA Spa is well-known ...

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search