Deni Cler clothes producer dissapoints with results

APA - Austria Presse Agentur
opublikowano: 08-11-2005, 16:28

Warsaw (Puls Biznesu) - Deni Cler (DC), the clothes unit of W.Kruk listed group (jewelery producer) has just entered the Russian market.

Warsaw (Puls Biznesu) - Deni Cler (DC), the clothes unit of W.Kruk listed group (jewelery producer) has just entered the Russian market.

We have signed first invoices. In two years, exports to Russia will substantially affect DC sales and results, Jan Rosochowicz, W.Kruk CEO said.

He stressed he was not happy with three quarters results. DC was supposed to reach results similar to last year's.However, its operating income fell 10 percent to PLN 0.7m (EUR 173,600) while net income dropped 27 percent to PLN 0.6m. Sales fell 2 percent. The company explained that with beautiful wheather which stopped clients from buying winter collections.

Because of good results reached by W.Kruk, the whole group noted 9- percent increase in sales to PLN 31.1m and 52-percent rise in operating income to PLN 2.8m. Net income grew 14 percent to PLN 2.4m and is going to amount to PLN 5m at the end of the year.

W.Kruk group has started to control its costs finally and it realises its financial forecasts. I believe, the plans of PLN 5m of net income are very probable, Bogna Sikorska, BM BGZ analyst commented.

(PLN 1 = EUR 0.248)

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Podpis: APA - Austria Presse Agentur

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