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BRIEF-Giordano International announces proposed share repurchase
June 20, 2017 / 9:46 AM / a month ago

BRIEF-Giordano International announces proposed share repurchase

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June 20 (Reuters) - Giordano International Ltd

* Group sales and gross profits are both registering an increase of 7% in q2 up to early june

* Group comparable store sales and comparable store gross profit in q1 increased by 0.5% and 2.2%, respectively

* ‍Board has been granted a general mandate by shareholders to repurchase up to 157.2 million shares of company​

* ‍Board considers that current trading price of shares does not reflect their intrinsic value​ Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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