Business
Half Yearly Report
Half Yearly Report.
About this update from Seascape Energy Asia Plc
[{"type":"text","content":"\n RNS Number : 0738Y Liberty PLC 27 August 2009 \n \n\n\nFOR IMMEDIATE RELEASE\n27 August 2009\nLIBERTY Plc:\nRESULTS FOR SIX MONTHS TO 30 JUNE 2009 \n\nHIGHLIGHTS\n\n\n\nRevenue grew by 18% to £25.3m against £21.5m, resulting in positive operating EBITDA of £30,000 against negative £2.7m for the same period last year. Greater efficiencies achieved within business - 10% reduction in overheads.\n\n\nImpact of successful Liberty Renaissance launch continues to be felt in flagship store:\n\n\n\n\n\n\n\n\n\n\n\n\n\n-\n\n\nRevenue, including concession sales, 12% higher at £18.6m\n\n\n\n\n\n\n\n\n\n\n\n\n\n-\n\n\nPositive EBITDA of £1.2m\n\n\n\n\n\n\n\n\n\n\n\n\n\n-\n\n\nHealthy sales growth recorded in most product categories.\n\n\n\n\n\n\nFabrics continued strong growth:\n\n\n\n\n\n\n\n\n\n\n\n\n\n-\n\n\n28% revenue increase to £9.7m against £7.6m for June 2008 period\n\n\n\n\n\n\n\n\n\n\n\n\n\n-\n\n\nPositive EBITDA of £2.2m\n\n\n\n\n\n\n\n\n\n\n\n\n\n-\n\n\nAll growth achieved outside of Japan and reflects upsurge in worldwide interest in Liberty fabrics.\n\n\n\n\n\n\nLiberty of London\n\n\n\n\n\n\n\n\n\n\n\n\n\n-\n\n\nImproved product range\n\n\n\n\n\n\n\n\n\n\n\n\n\n-\n\n\n£0.7m cash premium for Sloane Streeet shop\n\n\n\n\n\n\n\n\n\n\n\n\n\n-\n\n\n£0.5m future annual saving as retailing refocused into flagship store\n\n\n\n\n\n\nDuring second half of year:\n\n\n\n\n\n\n\n\n\n\n\n\n\n-\n\n\nLiberty partnering Hermès with in-store 'pop-up shop'\n\n\n\n\n\n\n\n\n\n\n\n\n\n-\n\n\nLimited edition Liberty-Hermès ties and scarves released\n\n\n\n\n\n\n\n\n\n\n\n\n\n-\n\n\npansion of Beauty offer - launch of 12 new exclusive lines\n\n\n\n\n\n\nWorld class management team assembled since 2007 turning Liberty into both authoritative retail destination and one of the fastest growing UK brands.\n\n\nStrategic review underway to identify ways of expanding Liberty.\n\n\n 'We have already demonstrated our ability to deliver solid progress in difficult market conditions and I have no doubt we have the products, the people and infrastructure in place to take full advantage of any upswing in retail spending,' Richard Balfour-Lynn, Chairman\n\nContact:\n\n\n\n\n\n\n\nRichard Balfour-Lynn, Chairman, Liberty.\n\n\n\n\n\nTel: 020 7706 2121\n\n\n\n\n\n\n\nGeoffroy de La Bourdonnaye, CEO, Liberty\n\n\n\n\n\nTel: 020 7734 12...