March 15, 2019 / 6:50 AM / 7 months ago

CORRECTED-(OFFICIAL)-BRIEF-Mavi Giyim FY Net Profit Up At 91.5 Mln Lira And Revises 2019 Guidance (March 15)

(Corrects to show full-year net profit was 91.517 million lira, not 91,517 lira and revenue was 2.4 billion lira, not 2.4 million lira. Company corrected its own statement)

March 18 (Reuters) - MAVI GIYIM SANAYI:

* REPORTED FY NET PROFIT AT 91.517 MILLION LIRA VERSUS 85.871 MILLION LIRA YEAR AGO

* FY REVENUE AT 2.4 BILLION LIRA VERSUS 1.8 BILLION LIRA YEAR AGO

* SETS TURKEY RETAIL STORES GUIDANCE TO NET 15 STORES AND 10 EXPANSIONS FOR 2019

* REVISES TURKEY RETAIL LIKE-FOR-LIKE GROWTH TO 18 PERCENT FROM 16 PERCENT FOR 2019

* INCREASES EBITDA MARGIN GUIDANCE TO 14.5 PERCENT FROM 14 PERCENT FOR 2019

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Further company coverage: (Gdynia Newsroom)

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