FRANCE: Clothing Chain Etam Posts 2001 Operating Profit
Leading French lingerie, underwear and clothing retailer Etam Developpement group on Tuesday posted a 4.5 million euros ($4m) consolidated operating profit for 2001. That result compares to a 3.7 million euros ($3.3m) operating loss in 2000, while its consolidated turnover for the 2001 grew 6.6 per cent to 1.1 billion euros ($971m).