The Coin Group has closed on 31 January 2000, the annual financial statements with a positive result before taxes of 42.8 billion lire (+37% compared with 31.2 billion in ‘98) . Operating income was positive for 25.9 billion, +63% compared to 15.9 billion in ‘98. Gross operating margin increased to 99 billion from the previous 73.4 billion, and as a percentage of sales to 6.3% from 5.3% thanks to improved margins on goods, the statement said. Extraordinary items are presented negative 34.5 billion and 64.1 billion to cover costs incurred in the integration and conversion shops Standa. Consolidated net revenues of Gruppo Coin SpA have reached 2337 billion, an increase of 60.4% over the previous year.
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