Stockmann Oyj Abp announces profit warnings to its department store earnings.(Financial report)

From: Nordic Business Report | Date: May 27, 2008 | Copyright information

NORDIC BUSINESS REPORT-27 May 2008-Stockmann Oyj Abp announces profit warnings to its department store earnings(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

The Finnish department store chain operator Stockmann Oyj Abp (OMX Helsinki:STCAS) said on Tuesday (27 May) that it makes a provision in the second quarter earnings due to the possible closure of its department stores in Moscow, Russia.

The company said that despite the arbitration ruling in favour of Stockmann in the dispute concerning Stockmann's Smolenskaya department store in the centre of Moscow, the ...

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