TC

24/11/2014 16:22

L'Occitane (00973) 1H net soars 1.6x to EUR36.65m; no div

    L'Occitane (00973) said its profit attributable to equity owners for the six months ended 30 September 2014 surged 162.7% year-on-year to EUR36.65 million.
  Its basic and diluted earnings per share were EUR2.5 cents.
  Net sales amounted to EUR486 million, an increase of 8.9% from a year earlier. At constant exchange rates, sales growth was 11.9%. Sales growth was primarily driven by Japan, Hong Kong, the United States and China. Brazil, Hong Kong, China and Russia were among the fastest growing countries with growth of 19.5%, 19.5%, 16.6% and 13.4% respectively.
  Overall same store sales growth was 6.1%, as compared to 0.9% for the same period last year. The gross profit margin decreased by 0.9 points to 80.3% in the reporting period.
  No interim dividend will be distributed. 

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