Clothing retailer Lindex, trying to fend off a $1 billion bid by rival KappAhl, on Friday posted a
larger-than-expected rise in pretax profit, helped by strong sales of womens' clothing.
Pre-tax earnings in the firm's fiscal fourth quarter rose 25% year-on-year to 180 million Swedish crowns ($26.9 million) to come in above the 160 million crown profit seen in a Reuters poll of 11 analysts.
"Our product range, especially in ladies' wear but also in children's clothing, has had the biggest single impact on the results," the firm said in the report. "We note with satisfaction that we already report results on a par with our financial target for the 2008/2009 financial year."