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 What happens to your body when you give up sugar?
- 2 Japanese island overrun with cats after population explodes
- 3 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 4 Have sex with your iPad thanks to the new sex toy no-one asked for
- 5 Average penis size revealed: Scientists attempt to find what is 'normal' to reassure concerned men
California teacher appears to have hanged herself in her classroom
The City of the Monkey God: Archaeologists claim to have found city lost for 1,000 years in remote Honduran jungle
Japanese island overrun with cats after population explodes
Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
Bubonic plague-carrying fleas found on New York City rats
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
iJobs Money & Business
£36,000 - £40,000: Christine McCleave: Are you looking for a new opportunity a...
£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...
£50000 - £60000 per annum + Excellent Salary: Austen Lloyd: An outstanding new...
£20000 - £21000 per annum + uncapped commission: SThree: As a graduate you are...