| Home | Log In | Register | Our Services | My Account | Contact | Help |
You are NOT currently logged in
LAURA ASHLEY ABOUT TO MOVE UP (ALY)
me2you - 03 Mar 2006 07:54
TIPSTERS AT SQUAIREGAIN RECKON THIS IS A DOUBLE YOUR MONEY
mentor - 23 Aug 2017 09:24 - 56 of 56
and now at 8.35p the downtrend continues as results are badddddd.... and dividend scrapped ..........
Laura Ashley like-for-like sales fall
Laura Ashley Holdings' total like-for-like sales fell by 3.1% in the 52 weeks to the end of June.
The group posted a profit before tax and exceptional items of £8.4m (2016: £24.7m - 74 week period) and a statutory profit before tax of £6.3m (2016: £22.8m - 74 week period).
Group sales totalled £277.0m against £400.9m for the 74 week period) with online revenue of £57.3m (2016: £73.5m - 74 week period).
Online sales were up 5.6% on a like-for-like basis.
Hotel revenue totalled £2.5m (2016: £3.5m - 74 week period).
The company said the board was not recommending payment of a final dividend. An interim dividend of 0.5p has already been paid (2016 - 2.5p).
Chairman Tan Sri Dr Khoo Kay Peng said: "Trading conditions have been challenging for the year ended 30 June 2017.
"We are focused on addressing the challenges which our business has encountered over the past year and are confident that we are well-positioned to overcome them.
"Our online performance continues to be strong and we saw like-for-like online revenues grow by 5.6% over the year.
"A strong and expanding international presence is at the core of our strategy.
"We signed a new licence partner in India earlier this year and we are looking forward to the opening of our first Indian stores next month.
"We launched our Chinese website in November and I am pleased that this is making good progress and enhancing our presence in the territory.
"Laura Ashley is known worldwide for high quality, beautifully designed products. 33% of our sales come from products manufactured in the UK.
Laura Ashley like-for-like sales fall
Laura Ashley Holdings' total like-for-like sales fell by 3.1% in the 52 weeks to the end of June.
The group posted a profit before tax and exceptional items of £8.4m (2016: £24.7m - 74 week period) and a statutory profit before tax of £6.3m (2016: £22.8m - 74 week period).
Group sales totalled £277.0m against £400.9m for the 74 week period) with online revenue of £57.3m (2016: £73.5m - 74 week period).
Online sales were up 5.6% on a like-for-like basis.
Hotel revenue totalled £2.5m (2016: £3.5m - 74 week period).
The company said the board was not recommending payment of a final dividend. An interim dividend of 0.5p has already been paid (2016 - 2.5p).
Chairman Tan Sri Dr Khoo Kay Peng said: "Trading conditions have been challenging for the year ended 30 June 2017.
"We are focused on addressing the challenges which our business has encountered over the past year and are confident that we are well-positioned to overcome them.
"Our online performance continues to be strong and we saw like-for-like online revenues grow by 5.6% over the year.
"A strong and expanding international presence is at the core of our strategy.
"We signed a new licence partner in India earlier this year and we are looking forward to the opening of our first Indian stores next month.
"We launched our Chinese website in November and I am pleased that this is making good progress and enhancing our presence in the territory.
"Laura Ashley is known worldwide for high quality, beautifully designed products. 33% of our sales come from products manufactured in the UK.
| About MoneyAM | Ts and Cs | Privacy Policy | Investment Warning | Content Standards | Corporate Solutions | Advertise With Us | Site Map | © 2025 MoneyAM |
Register now for FREE
Share Prices,
Stock Quotes,
Charts, Bulletin Boards, Indices, Watchlists, Portfolio, Market News, Research
or see our Premium Services including Level 2, Terminal and much more.
Follow us on Twitter