logo
Plus   Neg
Share
Email

N Brown Group Posts Narrower Pretax Loss In H1; Revenue Up 1.0% - Quick Facts

Brown (N.) Group PLC (BWNG.L) reported a statutory pretax loss of 27.1 million pounds for the 26 weeks ended 1 September 2018 compared to a loss of 27.6 million pounds, prior year. Loss per share from continuing operations was 9.14 pence compared to a loss per share of 7.50 pence. Adjusted pretax profit was 30.6 million pounds compared to 32.2 million pounds. Adjusted earnings per share was 8.36 pence compared to 8.77 pence.

First-half Group revenue increased by 1.0% to 457.8 million pounds. Product revenue excluding stores, which have all now closed, decreased 3.1% to 304.5 million pounds. Product revenue including stores was down 3.7% to 311.4 million pounds.

The Board has decided to rebase the interim dividend to 2.83 pence per share, a reduction of 50.0% on the prior year, which it also intends to reflect in the final dividend.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of General Electric Co. are rising more than 10 percent on Thursday after the industrial conglomerate said it plans to establish a new, independent company focused on building a comprehensive Industrial Internet of Things or IIoT software portfolio. In addition, longtime bearish analyst Stephen Tusa of J.P. Morgan upgraded shares of GE to neutral. Apple Inc. said Thursday that it will invest $1 billion to build a new corporate campus in North Austin that will eventually create 15,000 jobs. Further, the tech giant announced plans to establish new offices and expand to over 1,000 employees each in three cities - Seattle, San Diego and Culver City, California. In January, Apple said it will create over 20,000 jobs over the next five years. German telecom giant Deutsche Telekom, Chinese conglomerate Alibaba's Alibaba Cloud, banking giant Citi and 13 other organizations have joined Hyperledger Blockchain project, an open source collaborative effort aimed to advance cross-industry blockchain technologies. Hyperledger, a project of The Linux Foundation that started less than three years ago, is a multi-project.
Follow RTT