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Article: AEFFE ADJUSTS INCOME HIGHER.(AEFFE S.p.A.)(Brief article)
- Article from:
- WWD
- Article date:
- March 31, 2008
- Author:
CopyrightCOPYRIGHT 2008 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Andrew Roberts
MILAN - Italian fashion group Aeffe SpA said Friday net profits last year increased 92 percent - and not 62.2 percent as reported last month - following a reduction in the tax rate.
The company, which operates the Alberta Ferretti, Moschino and Pollini brands and produces collections for Jean Paul Gaultier, also proposed a dividend of 0.02 euros, or 3 cents at current exchange, a share, after the board approved last year's financial statements.
Aeffe said in a statement that full-year earnings through Dec. 31 reached 15.3 million euros, or $21 million at average exchange, on sales of 293.2 million euros, or $401.9 million. ...