MARKET TALK: Dunelm Results Better Than Expected - Trader

13th Jul 2010 08:04

0704 GMT [Dow Jones] Dunelm (DNLM.LN) has delivered better-than-expected final trading results, says a trader. The trader says combined with stronger gross margin performance, this will lead to an increase in consensus pretax profit estimates to GBP76M-GBP77M from just under GBP74M. Additionally, year-end net cash of around GBP11M is also better than anticipated. "Overall, the results underline the quality and growth potential of the company." Shares +0.6% at 360p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 13, 2010 03:04 ET (07:04 GMT)

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