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(AFX UK Focus) 2008-08-12 12:33
OFFICIAL CORRECTION Black Arrow swings to FY profit on asset sale; turnover down
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(Company corrects comparative figures in item published August 8. The error was in translating 2007 UK GAAP comparative figures into IFRS)

LONDON (Thomson Financial) - Office furniture company Black Arrow Group Plc. swung to a full-year profit, on gains of 7.8 million pounds from the sale of office property though turnover declined.

For the year to March 31, 2008, the company posted a pretax profit of 6.2 million pounds compared with a loss of 47,000 pounds a year earlier, while turnover fell to 13.68 million pounds from 17.61 million.

The company said its full-year dividend will be 4 pence per share, up from 2 pence last year. tfn.newsdesk@thomson.com sim/jlw/jro/rfw

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