By
Reuters
Published
Apr 28, 2014
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Fielmann announces 2-for-1 stock split

By
Reuters
Published
Apr 28, 2014

FRANKFURT, Germany - German spectacles retailer Fielmann announced on Monday plans for a two-for-one stock split to lure more investors after its share price rose to a record at the end of March.

It also published full first-quarter financial results that showed net profit up by almost 20 percent at 41.8 million euros ($57.8 million) and said it expected sales and profits to be up in the full year as well.

It had already put out key figures on April 8, saying its first-quarter pretax profit rose 23 percent on 10 percent higher sales, sending its shares higher.

($1 = 0.7227 Euros)

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