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A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Knoll Inc 2nd Qtr Results – Sales up 24%; Profit up 50%

Tuesday 19 July 2011

Knoll Inc.has reported a rise in profit for the second quarter, helped by a 24% sales growth on double digit sales increase across all product categories. Nonetheless, results for the quarter failed to impress investors, with Knoll shares losing about 2.5% in early afternoon trade on the NYSE.
Knoll reported a second quarter profit of $13 million or $0.28 per share, up from $8.7 million or $0.19 per share a year earlier.
Excluding items, adjusted earnings for the quarter were $0.28 per share, compared to $0.22 per share last year.
Sales for the quarter were $238.7 million, an increase of 24.1 percent from $192.3 million last year. Wall Street analysts expected revenues of $238.13 million for the quarter.
The company said sales increased double digits across all product categories with the largest gains from office systems.

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