SWEDEN: Clothing Firm Lindex Posts Q2 Profits Surge
Leading Swedish clothing retailer Lindex AB on Wednesday reported a 132 per cent surge in its net profit for the second quarter as it reaped the benefits of cost-cutting and strong sales. The company said in a statement net income for the period jumped to SEK44 million from SEK19 million from the year-ago period, while sales climbed 6.7 per cent to SEK1.28 billion from SEK1.20 billion.