Forum Archive Index - June 2000

["Ron Drever" <ron.drever@telecom.co.nz>]

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+ADw-DIV+AD4-REL: 1639 HRS Designer Textiles (NZ) LimitedGEN: DTL: REVISED PROFIT 
FORECAST+ADw-BR+AD4-Kerry Harding, MD Designer Textiles, has reported that weak consumer 
demandin +ADw-BR+AD4-both NZ and Australia, accompanied by the continuing 
rationalisation in the +ADw-BR+AD4-Australian textile and apparel industries has 
impacted significantly on the +ADw-BR+AD4-company's trading during February, March and 
April.Sales for the second half of +ADw-BR+AD4-the year (to 30/06) are likely to be 10+ACU- 
down on the first half at approximately +ADw-BR+AD4AJA-30m.Tax paid trading profit for the 
year to 30/06/2000 is expected to be+ADw-BR+AD4-approximately +ACQ-1.3m.The directors have 
decided not to propose a 2nd interim +ADw-BR+AD4-dividend at this time and will continue 
the established pattern of 1 interim, and +ADw-BR+AD4-a final dividend following+ACY-nbsp+ADs- 
the annual result announcement.The board has also +ADw-BR+AD4-decided to make a one off 
non-cash write down to the carrying+ACY-nbsp+ADs- value of some +ADw-BR+AD4-plant, which is not 
essential to the ongoing activities+ACY-nbsp+ADs- of the group.Working +ADw-BR+AD4-capital and 
assets employed in the business have reduced commensurate with+ACY-nbsp+ADs- the 
+ADw-BR+AD4-sales change. Cash generation remains strong and is in line with 
expectations.+ADw-/DIV+AD4-
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+ADw-DIV+AD4APA-FONT color+AD0AIw-000000 size+AD0-2+AD4-Company announcements are a generally useful 
source of info :-)+ADw-/FONT+AD4APA-/DIV+AD4-
+ADw-DIV+AD4APA-FONT color+AD0AIw-000000 size+AD0-2+AD4APA-/FONT+AD4AJg-nbsp+ADsAPA-/DIV+AD4-
+ADw-DIV+AD4APA-FONT size+AD0-2+AD4-Cheers,+ADw-/FONT+AD4APA-/DIV+AD4-
+ADw-DIV+AD4APA-FONT size+AD0-2+AD4-Ron+ADw-/FONT+AD4APA-/DIV+AD4-
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    +ADw-DIV+AD4APA-FONT face+AD0-Arial size+AD0-2+AD4-dtl drop 25+ACU- yesterday.+ACY-nbsp+ADs- anyone know+ACY-nbsp+ADs- 
    anything ? i like+ACY-nbsp+ADs- the yield was thinking+ACY-nbsp+ADs- about 
    buying.+ADw-/FONT+AD4APA-/DIV+AD4-
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