The Independent - London, May 10th, 1994
N BROWN Group, the Manchester-based women's mail order group, has beaten City expectations by turning in a profit for the year to the end of February of pounds 22.5m, up 18.3 per cent. The company is also planning a one-for-one bonus share issue.
The better-than-expected performance comes on the back of a strong second-half increase in turnover, a pounds 2.1m reduction in interest charges due to lower rates and reduced borrowing levels, and a turnaround in the profitability of the non-core financial services and property services businesses.
Most of the increase in turnover, up 9.3 per cent ...
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