Rossignol Announces Year-End Profit

Rossignol announced recently that fiscal earnings for the year rose to a profit, led by golf equipment sales and winter sports products in Europe. The snowboard, ski, and golf manufacturer based in France said that the profit for the year ending March 31 was 3.9 million euros ($3.7 million) from a loss last year of 14.4 million.

The company benefited from a strong consumer market in Europe and two good snow years across the continent.

Year-end sales rose eighteen percent to 381-million euros, led by demand for snowboards and golf equipment, the company said last month. At the time, Rossignol predicted a ten percent rise in sales for the current year.

Rossignol said it will pay a dividend of 1.5 French francs per share ($0.22), an increase from one franc per share in the previous year.