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March 4, 2008

Seardel to continue to cut costs

Clothing and footwear group Seardel Investment Corporation said on Tuesday that headline earnings per share for the interim period ended December went down 87.1 percent to four cents, from 31.1 cents in the same period in 2006.

Earnings per share declined 88.8 percent to 4.2 cents, revenue increased by a marginal 1.3 percent to R2.03-billion, while operating profit decreased by 37.9 percent to R42.2-million.

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Posted by StaffWriter at March 4, 2008 7:40 AM