20th Nov 2013 12:25
LONDON (Alliance News) - Leeds Group PLC Wednesday said its operations in China and Europe have seen sales growth a little ahead of the company's expectations in the first five months of the year.
Kathryn Davenport, who chairs Leeds Group, told the company's annual general meeting that the performance of both Hemmers and ChinoTex in the first five months of the year has been "most encouraging".
Hemmers is a textiles business with main warehousing and office facilities in Germany, near the Dutch border. ChinoTex is the company's Chinese subsidiary.
Meanwhile, the company is considering potential acquisitions or investments "not necessarily [...] within the textile wholesale sector" in order to maximise the long-term value of the group.
Leeds shares were Wednesday quoted at 28.35 pence, up 7.0%.
By Samuel Agini; [email protected]; @samuelagini
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