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Article: Groupe YSL upgrades its projections again. (Groupe Yves Saint Laurent SCA)
- Article from:
- WWD
- Article date:
- June 26, 1990
- Author:
CopyrightCOPYRIGHT 1990 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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GROUPE YSL UPGRADES ITS PROJECTIONS AGAIN
PARIS - Projections keep swelling at Groupe Yves Saint Laurent SCA.
On Monday, chairman Pierre Berge predicted that the company's net profit will grow by 18.3 percent in 1990 to 265 million francs ($47.2 million). This was slightly higher than a projection of 255 million francs noted by the company in April, when it released results for 1989.
The 1990 rise in net will be earned on a 6 percent increase in group sales to 3.24 billion francs ($577.5 million), also up from previous estimates, Berge told a meeting of analysts and the media in Paris. YSL held a similar event 12 months ago just weeks ahead of its ...