By  on December 7, 2017

PARIS – Goodwill impairments in Germany and Spain helped dampen Douglas Group’s net profit during the fiscal year 2016-17.

Adjusted net income for the parent of the Douglas perfumery chain came in at a loss of 162 million euros in the year ended Sept. 30, versus a loss of 102 million euros in fiscal 2015-16. On a like-for-like basis, however, adjusted net profit was in the black, to 75 million euros, against 24 million euros in the prior year.

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