Transition into lucrative brand driven consumer markets - Marchpole
19 Nov '07
3 min read
Marchpole Holdings plc, the fast growing global luxury fashion brand management group which designs, produces and sells high quality clothing and accessories for ten world class brands (Emanuel Ungaro, Ungaro Homme, Jean Charles de Castelbajac (JCC), Jean Charles de Castelbajac/Rossignol, Jean Charles de Castelbajac/Okaidi, Jean Charles de Castelbajac/New Era, JCDC/Lee Cooper, Homebody and Homemummy and Boateng) announces its interim results for the six months ended 30 September 2007.
Financial and Operational Highlights • Turnover £29.9m (2006: £38.6m) • Operating profit £1.2m (2006 restated: £5.0m) • Profit before taxation £0.5m (2006 restated: £4.0m) • EPS of 1.2 pence per share (2006: 10.2 pence per share) • Interim dividend 1.1 pence (2006: 1.5 pence) • Maintains the total dividend distribution at 3.75 pence per share for the year to 31 March 2008 • Significant expansion into lucrative Russian, Eastern European, Middle East and Far East markets • JCC signs two high-profile partnership agreements and three major distribution contracts: - Partnership with Lee Cooper Inc, the global denim brand - Licence agreement with the headwear company, New Era - Distribution agreement with the Dubai based Chalhoub Group, the leading Middle East luxury lifestyle promoter - Distribution agreement with The Crocus Group, the major Russian retail and real estate business, and opening of flagship store in Moscow - Distribution agreement with Coronet, part of the Itochu Group in Japan
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