April 24(Reuters) - Shenzhen Fuanna Bedding and Furnishing Co Ltd <002327.SZ>:Sees H1 FY 2017 net profit to decrease by 10 percent to increase by 10 percent, or to be 152.4 million yuan to 186.3 million yuan .Says H1 FY 2016 net profit was 169.4 million yuan.Says that changed sales structure and new growth space of new bedding and furnishing business as well as expected large investment as the main reasons for the forecast.
Great Wall Of Culture Group Holding Co Ltd Guangdong <300089.SZ> : Sees Q1 FY 2017 net profit to increase by 20 percent to 50 percent, or to be 5.7 million yuan to 7.1 million yuan . Says Q1 FY 2016 net profit was 4.8 million yuan .The reasons for the forecast are increased main business income and contribution from subsidiaries.
Surteco SE : FY sales 639.8 million euros ($688.49 million) versus 638.4 million euros year ago . FY EBT also increased by 31 percent to 35.0 million euros . Renewed increase in earnings expected in 2017 .Anticipating modest increases in sales for group from first-time full consolidation of Nenplas Group in business year 2017.
Markor International Home Furnishings Co Ltd <600337.SS> : Says it will provide loan guarantee of 200 million yuan for controlling shareholder Markor Investment Group, which is engaged in high-tech development and project investment business .Loan guarantee is with a term of 3 years.
Howden Joinery Group Plc : FY pretax profit 237 million stg versus 219.6 million stg year ago . FY revenue 1.307 billion stg versus 1.22 billion stg year ago . Final dividend 7.4 pence per share . Total dividend 10.7 pence per share . Says up to £80m expected to be returned to shareholders, through a share repurchase programme . Says looking at 2017, softer trading conditions seen in UK in second half of 2016 have continued into early part of this year . Says planning to open around 30 new depots in UK .Says outlook for business for 2017 remains unchanged.
La-z-boy Inc : La-Z-Boy reports fiscal 2017 third-quarter results . Q3 earnings per share $0.47 from continuing operations . Q3 sales $390 million versus I/B/E/S view $392.8 million . Q3 earnings per share $0.47 . Q3 earnings per share view $0.45 -- Thomson Reuters I/B/E/S . Says "retail environment for home furnishings remains challenging" . La-Z-Boy Inc - qtrly same-store written sales for La-Z-boy furniture galleries store network were flat versus last year's Q3 . La-Z-Boy Inc - for fiscal 2017, we are on track for 23 store projects, including eight net new stores .La-Z-Boy inc - board of directors declared a regular quarterly cash dividend of $0.11 per share on company's stock.
Ethan Allen Interiors Inc : Ethan Allen reports fiscal 2017 second quarter results . Q2 earnings per share $0.38 . Q2 sales $194.7 million versus I/B/E/S view $202 million . Q2 earnings per share view $0.38 -- Thomson Reuters I/B/E/S . Q2 adjusted earnings per share $0.39 . Ethan Allen Interiors Inc qtrly retail segment net sales of $156.3 million in quarter ended December 31, 2016 compared to $164.7 million in prior year quarter . Ethan Allen Interiors Inc - total written orders for retail division declined 3.6% for Q2 of fiscal 2017 compared to prior year Q2 .Ethan Allen Interiors Inc - inventories of $160.4 million decreased by $1.9 million from June 30, 2016, primarily from retail service centers for quarter.
Platz Co Ltd <7813.T> : Says co scraps the plan to transfer business in unit Platz Vietnam CO.,LTD to co's affiliate company Shengbang Metal Co.,Ltd .The unit's dissolution and settlement plan was also terminated.
Cacola Furniture International Ltd : Decided to explore vertical integration for business opportunity for company. . Decided to expand distribution network in china and to develop markets in other south east asian countries, South Korea and Australia ."Best prospects at current time are in high end quality furniture markets in china, south korea, australia and/or South East Asia countries".
Ekornes ASA : Capacity adjustments in the second half of 2016 . Due to low order intake within Ekornes' Stressless segment, production capacity at the segment's facilities on the Northwest coast of Norway will be reduced by up to five production days during September and October . Reduction equals to 5 per cent of the Stressless segment's H2 2016 capacity . Adjustments will be made at five production units on Northwest coast of Norway .Order reserve within other segments is good and no production capacity adjustments will be made within these segments.