Debenhams reports 16% rise in profit

Article Abstract:

Debenhams PLC reported an increase of 16% in its pretax profit to 138.6 million pounds sterling in fiscal 1998, ended Aug. 29, 1998. The improvement came despite the declining consumer confidence in the UK in the past few months. Industry analysts stated that the financial success in the company is mainly attributed to its cost-cutting measures after it spun off from Arcadia Group PLC. The company also gained the support of several stockbrokers, who asserted that the stock is one of the best in the industry and who recommended the stock to investors.

Comment:

Reports increase of 16% in pretax profit to 138.6 mil pounds sterling in fiscal 1998, ended 9/29/98

United Kingdom, Department Stores, Debenhams PLC

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Aircraft sales boost earnings at SAS

Article Abstract:

Scandinavian Airlines System (SAS) reported a 31% increase in its pretax profits in the first six months of 1998 to total to 1.45 billion kronor ($178.2 million). The boost was prompted by strong aircraft sales and hotel operations. Despite a 22% decline in the second quarter of 1998 to 1.36 billion kronor, SAS was also able to record a 14% increase in its operating profit to amount to 2.22 billion kronor against 1.94 billion kronor in 1997. SAS anticipates its full-year operating profit to be in line with its 1997 total of 2.38 billion kronor.

Comment:

Reports a 31% increase in its pretax profits in the first 6 months of 1998 to total to 1.45 bil kronor ($178.2 mil)

Sweden, Scheduled Airlines, Scheduled Air Transportation, Airlines, Scandinavian Airlines System

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Swatch reports emerging market helps boost sales

Article Abstract:

Full-year revenue for Switzerland's Swatch Group Ltd. rose 18% to $5.4 bil in 2007. Emerging markets in the Middle East and Asia boosted growth for the Swiss luxury-brand watchmaker.

Watches, clocks, watchcases & parts, Switzerland, Company sales and earnings, Company earnings/profit, Clock and watch industry, Watch industry, Swatch Group Ltd., Financial report

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