HELSINKI Aug 14 Finnish clothing and textiles
company Marimekko reported a further second-quarter loss on
Tuesday after investing heavily in new overseas stores, but
maintained its forecast of strong sales and profit growth for
the full year.
Marimekko, known for its colourful printed fabrics, said
operating losses narrowed to 545 million euros in the quarter,
down from a loss of 798 million in the same period last year.
The company, which has been expanding over the past few
years in the United States, Japan, and other overseas markets,
said it expects sales to grow over 10 percent and operating
profit to at least double in 2012.
(Reporting by Helsinki newsroom; Editing by Greg Mahlich)