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3 years ago
French Connection posts smaller loss on strong sales in Europe
March 12, 2014 / 7:21 AM / 3 years ago

French Connection posts smaller loss on strong sales in Europe

March 12 (Reuters) - British fashion retailer French Connection Group Plc reported a smaller underlying pretax loss, helped by lower expenses and strong trading in the second half in its largest markets - UK and Europe - helped improve margins.

The company, best know for its FCUK brand of clothes and accessories, reported an underlying pretax loss of 4.4 million pounds ($7.3 million) for the year ended Jan. 31, compared with a loss of 7.2 million pounds a year earlier.

Revenue at the company, which has been attempting a turnaround after years of underperformance, fell 4 percent to 189.4 million pounds.

Shares in the London-based company closed at 63 pence on Tuesday on the London Stock Exchange.

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