Coats says rising sales in early 2015 affirm outlook for stable annual profit

Thu, 21 May 2015

By Paul McBeth May 22 (BusinessDesk) - Coats Group, the NZX-listed UK threadmaker once part of the Guinness Peat Group empire, says sales growth has been in line with management's expectations in the first four months of the year, and affirmed its forecast for stable operating profit in 2015. Excluding currency effects, the group lifted sales 3 percent in the four months ended April 30 from the same period a year earlier, it said in a statement, without disclosing the value. Including currency effects, reported sales were down 3 percent o...

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