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HARTSTONE GROUP REPORTS RECORD INTERIM RESULTS FOR SIX MONTHS

       HARTSTONE GROUP REPORTS RECORD INTERIM RESULTS FOR SIX MONTHS
    LONDON, Nov. 14 /PRNewswire/ -- The Hartstone Group PLC, the international apparel accessories specialist, today announced record interim results for the six months ended Sept. 30, 1991.
    Key points:
    Pre-tax profit up by over 250 percent to 8.2 million pounds sterling (1990:  2.3 million pounds)
    Earnings per share up 56 percent to 8.1 pence (1990: 5.2p, as adjusted)
    Dividend per share up 50 percent to 1.875p (1990: 1.25 p)
    Turnover rose to 92.8 million pounds (1990: 25.4 million pounds)
    Results reflect:
    -- Expansion into new geographical areas;
    -- Substantially increased market share in the United Kingdom and United States;
    -- Cohesion and cooperation between all three divisions.
    Chairman Stephen Barker said:
    "Our management team has ensured exciting and successful growth in difficult economic times.  Our strategic expansion into North America has been the feature of the half year, but should not obscure the very real progress in the other parts of our business."
    -0-                     11/14/91
    /CONTACT:  Stephen Barker, chairman, or David Gratton, finance director of Hartstone, in the U.K., 071-489-1441; Richard Oldworth of Buchanan Communications, in the U.K., 071-489-1441, for Hartstone; or Fern Lazar or Debra Wasser of Dewe Rogerson, in New York, 212-688-6840, for Hartstone/
    /FIRST AND FINAL ADD TO FOLLOW/ CO:  The Hartstone Group PLC ST: IN:  REA SU:  ERN GK-SH -- NY015 -- 4258 11/14/91 08:52 EST
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Publication:PR Newswire
Date:Nov 14, 1991
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