Darty eyes "very significant" rise in FY profit
(Adds dropped word 'rise' in headline)
By Dominique Vidalon and Pascale Denis
PARIS, May 26 (Reuters) - Darty Plc Europe's third-largest electrical goods retailer, expects to report a "very significant" rise in full year group retail profit, its chief executive said on Thursday.
Darty (LSE: DRTA.L - news) , which on Thursday reported its fourth quarter sales for the year ended April 30, will post its full-year earnings on June 16.
Regis Schultz also told Reuters by phone that the board of Darty was currently reviewing an offer by French retailer FNAC to take over Darty and would give its opinion in the coming days.
"It (Other OTC: ITGL - news) seems obvious that an offer that is higher in value would be recommended, provided there is a certainty it can be executed," he said.
Fnac, looking to reduce its reliance on highly-competitive books and CD markets, made a final offer for Darty of 170 pence a share in April, valuing it at about 900 million pounds. .
South African furniture retailer Steinhoff has said it would not raise its previous 160 pence a share offer, effectively withdrawing from the race.
(Reporting by Dominique Vidalon; Editing by Andrew Callus)