News archive

Tag: financial

Editor’s pickEGGER Group reports stable results for FY2019/20 and optimistic outlook amid COVID-19 pandemic

03-08-2020
EGGER Group, COVID-19 pandemic, Business Development, Financial Year

EGGER Group Management with Walter Schiegl, Thomas Leissing and Ulrich Bühler (from left) reports stable key figures despite the start of the crisis EGGER Group has reported that despite the closing of the financial year (FY) 2019/20 coming at a particularly challenging time, they celebtrate eleven successful months and thus an overall …

SFIC launches $1.2 million scheme to help members in tough times

04-03-2020
SFIC, Singapore, financial assistance scheme, Member Assistance Scheme, STEER, SFICAssist

Singapore Furniture Industries Council (SFIC) has unveiled its fifth Member Assistance Scheme ("SFICAssist") to give members a shot in the arm to deal with current tough economic challenges. Supported by Enterprise Singapore (ESG), the scheme is also aimed at strengthening their business capabilities and market diversification efforts. Under the …

Editor’s pickVietnam's VPA Voyage Builds Momentum

13-07-2018
vietnam, vpa, asia, timber, wood, woodindustry, material, illegal, legality, export, business, financial, government, flegt

The artisanal community must also be brought through the VPA. Vietnam still has obstacles to overcome to reach the key objective of its EU Forest Law Enforcement Governance and Trade Voluntary Partnership Agreement (FLEGT VPA) — issuing FLEGT licences that assure the legality of its timber exports to the EU. The country’s …

Lumber Liquidators Q1/2016 sales fall 10.2%

24-05-2016
lumber liquidators, flooring, financials

Lumber Liquidators' net sales in the first quarter of this year fell 10.2% YoY to $233.5 million. Store net sales declined 13.9% due to a 13.8% decrease in the number of customers invoiced and a 0.1% decrease in the average sale, according to a company press release. Gross margin was 32.6% compared to 35.2% in the previous period. This …

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