Nordic Business Report-April 26, 2006-New Wave Group AB reports Q1 operating result of SEK9.9m
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The Swedish clothing, accessories and branded merchandise group New Wave Group AB issued on Wednesday (26 April) its report for the first quarter, posting an operating result of SEK9.9m, as compared to a zero result in the first quarter of 2005.
The pre-tax result amounted to a loss of SEK2.9m, as compared to a loss of SEK8.5m in the first quarter last year.
Net sales amounted to SEK755.3m, up from SEK516.5m in the first quarter last year.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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