Pandora A/S Q4 Net Profit Surges

reported a gain in its fourth-quarter net profit and announced its plans to lift its annual dividend by 38%. Pandora's quarterly net profit surged to 1.01 billion Danish krone ($155 million), versus a year-ago profit of DKK739 million. Its sales surged 40% DKK3.96 billion from DKK2.82 billion, while operating profit gained to DKK1.38 billion from DKK891 million. For 2015, Pandora projects sales of DKK14 billion, compared to DKK11.94 billion in 2014. Pandora shares rose 0.06% to close at $17.50 on Friday.