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Culp Inc announces increase in dividend

Wednesday, 3 Dec 2014 04:05pm EST

Culp Inc:Has approved 20 pct increase in its quarterly cash dividend from $0.05 to $0.06 per share, commencing in Q3 of fiscal 2014.This payment will be made on Jan. 16, 2015.Dividend to shareholders of record as of Jan. 2, 2015.

Culp Inc gives Q3 2015 guidance in line with analysts' estimates; reaffirms FY 2015 guidance

Wednesday, 3 Dec 2014 04:05pm EST

Culp Inc:Expects Q3 2015 overall sales to be two percent to five percent higher as compared with the Q3 2014.Expects Q3 2015 to report pre-tax income in the range of $5.0 million to $5.8 million.Expects FY 2015 sales and pre-tax income to be higher than FY 2014.Reported revenue of $72.39 million in Q3 2014.Reported revenue of $287.16 million and pre-tax profit of $19.04 million in FY 2014.Q3 2015 revenue of $75.26 million and pre-tax income of $5.3 million - Thomson Reuters I/B/E/S.FY 2015 revenue of $301.58 million and pre-tax profit of $21.29 million - Thomson Reuters I/B/E/S.

Brait SE 's subsidiary updates on proposed disposal of 37.06 pct interest in Pepkor to Steinhoff

Tuesday, 25 Nov 2014 02:03am EST

Brait SE:Refers to the announcement made earlier, where in Brait’s subsidiary, Brait Mauritius Ltd (Brait Mauritius), has entered into a sale of shares agreement with Steinhoff in terms of which Steinhoff will acquire Brait’s effective 37.06 pct interest in Pepkor (Brait Transaction).Says Steinhoff has also entered into agreements to acquire Titan Premier Investments Proprietary Ltd's (acting through various wholly-owned subsidiaries) effective 52.47 pct interest in Pepkor (Titan Transaction).Says Steinhoff has entered into agreements with certain management of Pepkor to acquire a further effective 2.81 pct interest in Pepkor (Pepkor Management Transaction).Says as a result of the Brait Transaction, the Titan Transaction and the Pepkor Management Transaction, Steinhoff will hold an effective interest of 92.34 pct in Pepkor, with the Pepkor management holding the balance of the effective interest in Pepkor.Says the consideration to be paid by Steinhoff for acquiring Brait’s effective interest in Pepkor amounts to 26.4 bln Rand.Says brait transaction Price will be settled through a combination of a cash amount of 15 bln Rand and the issue of 200 mln ordinary shares in Steinhoff (Steinhoff Consideration Shares) at an issue price of 57.00 Rand per Steinhoff consideration share.

Fitch Affirms Mohawk Industries Inc IDR at 'BBB-'; Outlook Positive

Monday, 24 Nov 2014 05:40pm EST

Mohawk Industries Inc:Says that Fitch Ratings has affirmed the ratings of the company, including the company's Issuer Default Rating (IDR), at 'BBB-.Says the rating outlook remains Positive.

The Dixie Group reports formation of Masland Hospitality

Monday, 24 Nov 2014 04:05pm EST

Dixie Group Inc:Announces the formation of Masland Hospitality.The new business will be led by Elizabeth Moore, Vice President of Masland Hospitality.

Kong Sun Holdings Ltd announces change of auditors

Monday, 24 Nov 2014 05:25am EST

Kong Sun Holdings Ltd:Says SHINEWING (HK) CPA Ltd has resigned as the auditors of the company and its subsidiaries with effect from Nov. 24.The board has appointed KPMG as the auditors of the company effective same date to fill the casual vacancy following the resignation of SHINEWING and to hold office until the conclusion of the forthcoming annual general meeting of the company.

Jiasen International Holdings Ltd gives FY 2014 net profit guidance

Friday, 21 Nov 2014 02:00am EST

Jiasen International Holdings Ltd:Expects FY 2014 net profit to be between 160-170 million yuan.

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