OVS clothing retailer sales +7.5%

Board confirms dividends of 0.15 cents a share

(ANSA) - Milan, April 14 - Leading Italian clothing retailer OVS S.p.A. posted sales increases of 7.5% to 1.31 billion euros at the end of 2015, the company said Thursday.
    It reached a 7% market share by year's end, up 60 basis points compared to 2014, it said. Gross operating margin grew 14.3% to 179.6 million euros and net income more than tripled, jumping 25.3% to 81.1 million euros.
    Net financial debt fell from 624.4 to 235 million euros in the period.
    The board of directors approved dividends of 0.15 eurocents a share, the company said.
    OVS stocks shed 0.84% to close at 5.335 euros a share on the Milan exchange.