Grendene Reports Lower Earnings

The big Brazilian footwear group, which went public last October, is trading at just over 21 reals, down from R$27.35 before last month's announcement of an adjusted consolidated net profit of 201.8 million reals (€3.4m-$4.3m) for the company in 2004, giving it a net margin of 16.7 percent as compared ...

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