FRANCE: Alain Manoukian Profits Plunge 48 Per Cent
French fashion retail group Alain Manoukian SA has posted a 48 per cent plunge in net profit to 4.8 million euros from a year earlier amid a difficult economic environment and firm reorganisation.
The company said in a statement that revenue climbed four per cent last year to 160.7 million euros and it expects 2002 revenue growth to at least beat that figure.