LONDON (Thomson Financial) - Burani Designer Holding NV posted a much
smaller first-half pretax profit, hit by one-time listing costs, and said it is
confident of meeting full-year market expectations.
The company, which markets Italian lifestyle products and which listed on
AIM in June, reported a pretax profit of 34.6 mln eur for the six months to June
30 compared with 63.9 mln the year earlier. Revenues rose to 382 mln eur
compared with 361.6 mln, influenced by the capital gain realised on the IPO of
its leather goods division Antichi Pellettieri.
"Current trading is buoyant," said chief executive Kevin Tempestini.
The company said the current year is expected to reflect further growth,
boosted in part by strategic acquisitions.
TFN.newsdesk@thomson.com
jro/cm2
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