Profits slip at Land of Leather - leatherbiz: Leading news site for th Leatherbiz

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Profits slip at Land of Leather

24/11/2005

UK furniture retailer Land of Leather Holdings plc has reported an 84% slide in profits for the first six months of 2005 ended October 2. The results, however, were in line with the company’s financial forecast.

Total sales orders increased 30% and like for like sales orders increased 7% during the period. Turnover increased in line with sales orders at 31% over the previous year to £85.6 million (2004 pro forma H1: £65.1m). Operating profit before exceptional items fell by £0.8 million to £3.9 million.
 


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