You are an expert at summarizing long articles. Proceed to summarize the following text: 
french group andre -lrb- shoes and textiles -rrb- said wednesday that its group - share consolidated net profit for the financial year ending august ## plunged ## percent to ### million francs -lrb- ##.# million dollars -rrb- , against ###.# million francs for the ####-## year .
andre group reports profit plunge in latest financial year