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Colefax Group Weathers Market Challenges

Colefax Group Weathers Market Challenges

Colefax (GB:CFX) has released an update.

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Colefax Group PLC reported a modest 2% increase in sales to £107.16 million for the year, despite a challenging market and a weak US Dollar impacting profits, which fell by 10% to £7.73 million. The Fabric Division faced a slight downturn, yet the Decorating Division saw a significant 42% hike in sales. The company remains optimistic, anticipating benefits from potential falling interest rates on housing market activity, while continuing to invest in their brand portfolio and distribution network.

For further insights into GB:CFX stock, check out TipRanks’ Stock Analysis page.

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