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PRELIMINARY RESULTS FINANCIAL YEAR ENDED AUG. 29, 1992

 PRELIMINARY RESULTS FINANCIAL YEAR ENDED AUG. 29, 1992
 HIGHLIGHTS:
 SALES
 -- Total sales up
 First Half Second Half Full Year
 Multiples - 0.8 percent +13.7 percent + 5.9 percent
 Debenhams +11.2 percent +14.1 percent +12.5 percent
 -- Sales from same space up 15 percent in second half; up 7 percent in full year.
 PROFIT
 -- Multiples profit decline reversed: second half up 16.2 million pounds sterling (first half decline 29.1 million pounds).
 -- Profit before tax for the year 9.4 million pounds (1991: Loss 13.4 million pounds).
 MARKET SHARE
 -- Market share 12.6 percent in second half (1991 second half: 11.2 percent)
 DIVIDEND
 -- Maintained final dividend of 1.0p making total for year 2.0p (1992: 2.7p).
 LONDON, Nov. 12 /PRNewswire/ -- The Burton Group PLC today issued the following results:
 The chairman, Sir John Hoskyns, said, "In March this year, following John Hoerner's appointment as chief executive, the Burton Group undertook a comprehensive review of all its activities, from trading formats, target markets, and sales promotion through to management structure. Benefits of the changes made as a result of this program are already visible in market share, sales and profitability.
 "The trading environment remains most difficult and highly volatile, but we are increasingly confident about the direction in which the group is now moving."
 THE BURTON GROUP PLC
 1992 Results
 (Pounds in millions)
 1992 1991 Pct. Change
 Turnover
 Continuing Businesses
 First half 934.6 895.6 4.4
 Second half 830.0 728.9 13.9
 Total 1,764.6 1,624.5 8.6
 Harvey Nichols -- 36.6 --
 Total 1,764.6 1,661.1 6.2
 Trading Profit
 Continuing Businesses
 First half 32.6 60.5
 Second half 2.7 (17.4)
 Total 35.3 43.1
 Harvey Nichols -- 3.1
 Total 35.3 46.2
 Exceptional items -- (24.6)
 Total 35.3 21.6
 Other income 1.4 (2.2)
 Interest and similar charges (27.3) (32.8)
 Profit/(loss) before tax 9.4 (13.4)
 Earnings/(loss) per share 0.8p (2.0p)
 Dividend per share
 - Interim 1.0p 1.7p
 - Final 1.0p 1.0p
 - Total 2.0p 2.7p
 -0- 11/12/92
 /CONTACT: Richard North, group finance director, 071-927-0561, or Eddie Gallacher, investor relations director, 071-927-0174, both of the Burton Group PLC/ CO: The Burton Group PLC ST: IN: SU: ERN


SM-OS -- NY032 -- 0136 11/12/92 11:17 EST
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Publication:PR Newswire
Date:Nov 12, 1992
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