GERMANY: Textilgruppe Hof Expects 2002 Profit Fall
Textile and clothing firm Textilgruppe Hof AG warned on Tuesday that its full-year net profit will fall due to lower first half earnings because of a weakness in consumer spending and one-off charges. The company, which didn't reveal a profit forecast, said first half net profit was flat at 1.5 million euros but added it does not expect apparel sales to improve in the second half of this year.
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