Cameo book a net profit increase and improve its margins
Camaieu reported Monday a net profit increase of 4.8% in the first half of 2010 to 379,000,000 euros, through improving its margins helped offset sales penalized by a late start balances summer.
The French distributor of ready-to-wear said it had an operating profit up 12.4% over the first six months of the year, to 54.3 million euros.
Its sales have in turn increased 9% to 379.2 million euros.
In its statement, however, stressed that Camaïeu same perimeter and exchange rates, turnover fell 3.9%.
"Business was badly affected by the summer sales period was extended by one week in July rather than June, but was offset by improved margins on sales," said Camaieu .
The group also said to have opened 39 stores since the beginning of the year, bringing its fleet to 894 stores including 342 abroad.
At the Paris Bourse, the action Camaïeu closed Monday at 158.48 euros, up 5.65%.