Benetton Q3 profits drop

Benetton has seen its profit for the third quarter and first nine months of 2005 decrease, but has raised its sales prediction for full-year trading. The Italian fashion group reported a drop in profits to €27 million (£18 million), compared with €34 million last year, while revenues grew to €446 million from €392 million last year.

Net profits for the nine month period dropped to €89 million from €104 million, while sales for the period increased to €1.3 billion. Full-year revenues are expected to reach €1.7 billion, compared with the previous prediction of €1.6 – €1.7 billion, while full-year earnings before interest and tax is expected to be about 10 percent of sale.

Click Here: liverpool mens jersey

Add a Comment

Your email address will not be published. Required fields are marked *