Step up at shoe supplier
Tuesday 13 June 1995
Chamberlain Phipps, the footwear supplier, made pounds 13.2m profit before tax for the year to the end of April, up 23 per cent on pro-forma pre- tax profits for the previous year.
The company, which floated on the stock market last August, made an actual profit before tax of pounds 12.4m. Turnover was pounds 135m against pounds 77m in the previous year.
The year to the end of April had been the group's most profitable to date.
Executive chairman Dan Sullivan said: "This performance, together with our proven ability to acquire complementary businesses, underlines our strategy to develop an integrated footwear products business with leading positions in international markets."
Progress has been made in export markets, which represent 22 per cent of total group sales. Much of the momentum for this growth has been provided by the increasing emphasis on the sale of higher margin speciality products and, in particular, branded products. The group's portfolio has been augmented over the year by acquisition of established brands.
Mr Sullivan said: "In the absence of significant change in the group's markets, your board expects that the outcome for the year will be satisfactory. The board believes the trends becoming evident in the footwear industry worldwide will continue to provide Chamberlain Phipps with numerous opportunities for growth, both organic and by acquisition."
Earnings per share are 20.2p, a rise of 29 per cent on 15.6p in the previous year. The full dividend for the year is 8p a share.
The company's share price moved up 2p to close at 173p.
- 1 Man on naked bike ride gets ejected after becoming aroused
- 2 Charles Kennedy dead: Former Lib Dem leader dies at home aged 55 - latest news
- 3 Ayyan Ali: Pakistan's top model now appears in the courtroom rather than on the catwalk
- 4 Fifa corruption: Europe plots to stage an 'alternative World Cup' in place of Russia 2018
- 5 Jaden Smith wears gender fluid dress to high school prom with Hunger Games actress
Photographer who performed naked shoot in China's Forbidden City sparks outrage
Ed Miliband returns to the backbenches but it's all a bit awkward as he tries to avoid eye-contact with fellow Labour MPs
Man on naked bike ride gets ejected after becoming aroused
Charles Kennedy dead: Former Lib Dem leader dies at home aged 55 - latest news
Isis tortures 14-year-old Syrian boy and films it in graphic video for 'propaganda purposes'
Migrants in Kos: Photos show real tragedy after Brits abroad complain of 'awkward' holidays
Thousands of teenage girls enduring debilitating illnesses after routine school cancer vaccination
British tourists complain that impoverished boat migrants are making holidays 'awkward' in Kos
Michael Gove determined to scrap the Human Rights Act – even if Scotland retains it
Threat to scrap Human Rights Act could see UK follow Nazi example, warns UN official
Why this year's general election was the most unfair in Britain's history
iJobs Money & Business
£70000 - £90000 per annum: Recruitment Genius: A Financial Reporting Manager i...
£23000 - £25000 per annum: Recruitment Genius: They win lots of awards for the...
£13500 - £20000 per annum: Recruitment Genius: This nationwide enforcement com...
£25 - £30K: Guru Careers: We are seeking a highly-motivated and ambitious Comm...