DGAP-News: Infurn Holdings PLC : INFURN HOLDINGS PLC posts positive earnings for the first half of 2011. Outlook for full year favourable.
(firmenpresse) - DGAP-News: Infurn Holdings PLC / Key word(s): Miscellaneous
Infurn Holdings PLC : INFURN HOLDINGS PLC posts positive earnings for
the first half of 2011. Outlook for full year favourable.
15.11.2011 / 20:30
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INFURN HOLDINGS PLC, holding company of the INFURN Group, has reported
positive earnings for the fiscal six-month period to 30 June 2011. The
Group's activities, which include sales of designer furniture reproductions
on INFURN.com, generated solid turnover of EUR 2,000,000 and the company
gained 25,000 new customers in the last two months. This is a massive
growth rate and INFURN expects to continue expanding for the remainder of
the year as brand awareness increases and more and more users are convinced
by its high-quality products.
The company also anticipates good results for the full year 2011,
predicting turnover of EUR 8,000,000. Year-on-year growth since 2010 is
therefore forecast at a positive 293%. INFURN is a profitable company since
February 2011.
Customer acquisition will continue to be at the forefront in the remainder
of 2011 and beyond and the company intends to grow its customer base to
125,000 by the end of the fiscal year. This reflects the success of its
business model and lays the foundation for a great 2012 in which INFURN
HOLDINGS PLC will broaden its product range and consolidate its market
position.
About INFURN
INFURN HOLDINGS PLC has specialized as an investment company in the areas
of trade, production and import of goods and establishes traditional
businesses by using innovative technologies. Through strategic investments,
subsidiaries remain permanently independent and record steady growth in
profits. It currently owns the subsidiaries Designfurn Limited, which
operates the INFURN online -store, INFURN (Hong Kong) Limited, specializing
in the production and export of designer furniture, mainly based in South
China, and INFURN (UK) Limited, which controls the group's traditional
stores in Europe. INFURN HOLDINGS PLC boasts a highly skilled management
team of young and extremely successful entrepreneurs experienced in the New
Economy.
For more information about INFURN HOLDINGS PLC, visit the company's
websites www.infurn-?holdings.com and www.infurn.com.
** END OF PRESS RELEASE **
Infurn Holdings plc is an independent, exchange listed company operating in
the segment 'E-commerce, furniture with focus on designer furniture '.
This news release may contain certain forward-looking statements,
expectations, intentions, strategies and beliefs regarding the future. All
statements contained herein are based upon information available to the
management of Infurn Holdings plc as of the date hereof, and actual results
may vary based upon future events, both within and without the control of
the management, including risks and uncertainties that could cause actual
results to differ materially.
Management does not take any responsibility to update the contents of this
News Release in case new aspects arise or new conditions change the facts
available.
Registered Office:
INFURN HOLDINGS PLC
72 New Cavendish Street
London, W1G 8AU
United Kingdom
Email: press(at)infurn-holdings.com
www.infurn-holdings.com
ISIN GB00B3ZMNP79, WKN A1H95K, Kürzel 0IU
Börsenplätze: Frankfurt
End of Corporate News
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15.11.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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146502 15.11.2011
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Datum: 15.11.2011 - 20:30 Uhr
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