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Flexsteel Posts Record Full-Year Sales and Profit
2015-08-20 08:35:45| Furniture - Topix.net
Flexsteel Industries Inc. today reported record sales and net income for its fiscal full year, ended June 30. For the year, the Dubuque, Iowa-based furniture maker said revenue increased 6.5% to $467 million from $438.5 million representing the sixth consecutive year of improved sales. Year-end net income rose to $22.3 million, or $2.89 per diluted share, from $15 million, or $2 per diluted share, primarily driven by top-line growth and improved margin.
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La-Z-Boy Posts Higher Q1 Profit
2015-08-19 03:19:08| Furniture - Topix.net
The Monroe, Michigan-based company posted net income of $13.7 million, or $0.27 per share, compared to $13.1 million, or $0.25 per share, in the year-ago quarter. Its sales rose 4.4 percent year-over-year to $341.4 million.
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LaZBoy profit up on higher sales, wider margins
2015-08-18 23:02:30| Furniture - Topix.net
Known for its namesake recliners and its "made in America" pledge, the Monroe, Mich., company last year stopped domestic production of wood furniture, exited the hospitality business and started importing wood furniture. Meanwhile, the company has been expanding its store footprint in the U.S. as part of a push to open 400 stores, averaging $4 million in sales, over five years--what it calls its 4-4-5 strategy.
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Li Ning expects profit by year-end as H1 loss narrows
2015-08-13 14:28:00| Daily apparel & textile news and comment - from just-style.com
Chinese sporting goods business Li Ning has said it aims to return to profit by the end of 2015, after revenue growth helped to narrow its first-half loss.
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Singtel's Q1 net profit jumps 13% to SGD 942 million
2015-08-13 11:07:00| Telecompaper Headlines
(Telecompaper) Singapore Telecommunications Limited (Singtel) saw its first-quarter net profit grow 13 percent year-on-year to SGD 942 million. In constant currency terms, net profit would have increased 16 percent. The Group recorded a net exceptional gain of SGD 47 million from divestment gains on venture investments and Airtel Africa's tower assets. Excluding exceptional items, underlying net profit for the three months to June grew 2 percent. This would have grown 5 percent on a constant currency basis. The Group's operating revenue rose 2 percent year-on-year to SGD 4.21 billion, while EBITDA slightly decreased by 1 percent. In constant currency terms, operating revenue would have grown by 8 percent and EBITDA by 5 percent.
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