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HARTSTONE REPORTS RECORD RESULTS FOR THE YEAR ENDED MARCH 31, 1992

 HARTSTONE REPORTS RECORD RESULTS FOR THE YEAR ENDED MARCH 31, 1992
 OXFORDSHIRE, U.K., May 14 /PRNewswire/ -- The Hartstone Group plc, the international leathergoods and hosiery distribution specialist, today announced its preliminary results for the year ended March 31, 1992.
 Key Points
 -- Pre-tax profit up by nearly 200 percent at 22.1 million pounds sterling (1991: 7.4 million pounds)
 -- Earnings per share up by 40 percent to 21.1p (1991: 15.1p as adjusted)
 -- Total dividend as forecast increased by 50 percent to 4.875p per share (1991: 3.25p)
 -- Turnover of 237.8 million pounds (1991: 68.9 million pounds)
 -- The group is the world's leading distributor of leathergoods, the second largest pan-European distributor of ladies' hosiery and one of Europe's largest sock distributors
 -- Two-thirds of all group products are sold under the group's own brand names
 -- Stephen Barker, chairman, said the results reflect:
 - Significant extension of the group's geographical coverage;
 - Substantially increased market share in Europe and the United
 States;
 - The quality and market position of business that have joined
 the group;
 - Group-wide initiatives to strengthen manufacturing, sourcing
 and distribution;
 - Cohesion and cooperation between the divisions.
 -0- 5/14/92
 /CONTACT: Stephen Barker, chairman, or David Gratton of Hartstone, in the U.K., 071-489-1441; Richard Oldworth of Buchanan Communications, in the U.K., 071-489-1441, for Hartstone; or Debra Wasser or Janet Shotter 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-SM -- NY030 -- 0132 05/14/92 10:42 EDT
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Publication:PR Newswire
Date:May 14, 1992
Words:259
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