New stores boost KappAhl profits

Swedish clothing giant KappAhl showed an increased profit with its third quarter 2005/2006 results released on Wednesday.

Profits increased 7 million kronor to 120 million kronor compared to figures last year at this time.

Net turnover increased 6.5 percent to 1,029 million kronor.

The store had 17 more stores operating during the last quarter compared to last year. The chain has invested 181 million kronor since the start of the fiscal year, a large portion of which went to the opening of the stores.

The value of stock increased from 479 million, a decrease of 111 million kronor compared to figures at the same time last year.