– PROFITS UP AT PAUL SMITH: Net profits at Paul Smith Ltd. rose 45 percent in the financial year to June 30, to 8.2 million pounds, or $15.8 million, from 5.64 million pounds, or $10.8 million, according to figures filed with Companies House, the British equivalent of the Securities and Exchange Commission. Sales during the period rose 13.9 percent, to 117 million pounds, or $226 million, from 102.8 million pounds, or $198.5 million. All currency figures have been converted at average exchange rates for the period. Most of the company’s sales for the period — 41 percent — were concentrated in the U.K., while the rest were divided between Europe and the rest of the world.
This story first appeared in the April 28, 2008 issue of WWD. Subscribe Today.