NETHERLANDS: Laurus expects sharp increase in profits - MEMBERS
Beleaguered Dutch retailer Laurus says it expects to see a dramatic improvement in operating profits from its domestic stores. The VEB shareholders' lobby is quoted by Reuters as saying that adjusted earnings before interest and tax (EBIT) from the Dutch division should climb to €65m (US$63m) in 2003, €100m in 2004 and €117 in 2005. The group is expecting its Dutch activities to break even this year. These figures are based on an internal Laurus memo.
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