Branded merchandising company New Wave Group AB has announced profit for the fourth quarter rose by SEK 19.6m to SEK 131.6m.
The group sales soared by 33 percent to SEK 3,059m during January – December 2005. Profit after net finance increased by SEK 19.8m to SEK 254m. Profit after tax increased to SEK 206.7m and profit per share increased to SEK 3.22m from SEK 2.80m.
The group acquired units Dahetra, Orrefors Kosta Boda and Intraco, which contributed to the result with SEK 30.1m. The total cost for new establishments amounted to SEK 32m.
New Wave's factory in China has been closed down due to changed conditions, among others that quotas have been reintroduced on exports from China. Once-for-all costs of totally SEK 6.0m have been taken during the fourth quarter.
The sales for the fourth quarter increased by 45 percent to SEK 1 030m and profit after finance by SEK 19.6m to SEK 131.6m.
The Corporate Profiling business area's sales surged by 25 percent to SEK 1,976m. Profit on EBITDA-level increased by SEK 31.3m to SEK 247.1m.
The Retailing business area's sales rose by 50percent to SEK 1,083m. Profit on EBITDA-level increased by SEK 3.8 to SEK 80m.
In October, an agreement was reached with Royal Scandinavia A/S to change the initial acquisition of 51 percent in Orrefors Kosta Boda Holding AB to include all the shares.
The board proposes to increase the dividends to SEK 0.90 per share, meaning totaldividends of SEK 58.1m.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
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