GERMANY: Escada Q1 Profit Plunges On Sales Slump
German fashion group Escada AG on Monday posted a sharp fall in first quarter pre-tax profit amid a sales slump. The company, which last year concentrated on the sale of non-core businesses, reported a profit of 500,000 euros compared to 11.9 million euros in the year-ago period, while sales plunged to 155 million euros from 210.8 million euros.
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