SuperGroup on recovery path with profit rise
Agencies: London, Dec 12 2012, 16:38 IST
incomes. SuperGroup has not been immune to the economic downturn.
SuperGroup shares have had a roller-coaster ride since their stock market debut in 2010. After listing at 500 pence the shares rocketed to a high of 1,899 pence in early 2011. But three profit warnings and a litany of management mistakes, including stock availability issues, the botched implementation of a warehouse IT system and "arithmetic errors", led to a dramatic reverse before a partial recovery since the summer.
The stock closed Tuesday at 597 pence, valuing the business at 479 million pounds.
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