ITALY: Geox beats predictions in H1
Shoe firm Geox has reported first-half sales and profit growth and said it is "confident" on second-half outlook.
Net profit grew 8% during the first half to EUR47.4m (US$60.57m), meeting expectations.
Sales, meanwhile, increased 34% to EUR305.5m.
Chairman Mario Moretti Polegato said: "The results of the first half are in line with our expectation and make us confident for the second half of the year."
The company foresees full-year sales of EUR600m, representing a 32% rise from 2005.
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