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KINDY: leg and footwear concern expects operating profit

 

DESPITE a slight decline in sock sales, by 0.3 per cent to EUR 30.9m, during its 2013/14 fiscal year, the 4.7 per cent rise in sales of children’s shoes, to EUR 12.5m, allowed Kindy to predict a move back into positive operational results. The only modest decline in sock sales in a trading environment that was distinctly gloomy was largely due to the good performance of the Thyo brand of sports socks as well as to the growth of online sales.

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The stronger demand for the Thyo range suggests that the company could gain from the development of new brands of functional socks for a broader variety of end-users.

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