iafrica.com Only the good stuff

Indicators

$ R14.67   £ R21.09   € R16.70
Oil $39.70   Gold $1 231.62

Get Insurance Quotes

Are you covered? Compare quotes for car,
life and business insurance right now!

Sex for success

Fri, 03 Apr 2009 12:04 AM
German sex shop chain Beate Uhse said Tuesday its customers were keeping busy between the sheets despite a global economic crisis as the company jumped back into profit in 2008.

"Consumers have not given up some of life's small pleasures like erotica even in these tough economic times," managing director Serge van der Hooft said in the company's results statement.

Although 2008 sales drooped 5.6 percent to ?253-million, Beate Uhse posted a net profit of ?2.3-million ($3.1-million), compared with a loss of more than ?13-million in 2007.

The company said it hoped to double its pre-tax operating profit this year to six-million euros while maintaining stable sales.

Mail order sales, which represent more than half the total, grew slightly last year, while the company closed 28 loss-making shops.

More closures are expected this year in Belgium and the Netherlands, the statement said.

AFP

Comments

Please Note
By commenting on this article, you are agreeing to the Terms and Conditions of the iafrica.com comments system.

blog comments powered by Disqus

In Focus Today

Court restored hope - Madonsela

Today was a historic day for all people in South Africa and for the Public Protector's office, Public Protector Thuli Madonsela said.

Read more ›

How to become wealthier

There are three key factors that govern the rate at which you can increase your future wealth. Paul Leonard explains how to do this...

Read more ›

Windies stun India to reach T20 final

The West Indies achieved their "mission" of shattering India's dreams of a World Twenty20 title on home soil after they stunned the hosts by seven...

Read more ›