Noni B is taking a halving of its full-year net profit in its stride as the clothes retailer group’s revenue more than doubled after it acquired five fashion brands.
Noni B Group said its net profit for the 12 months to June 30 totalled $8.2 million, down from $17.3 million while revenue for the period grew to $881.9 million from $372.4 million.
The company, which bought Rivers, Millers, Katies, Crossroads and Autograph from Specialty Fashion Group in July 2018, boosted its fully franked final dividend to 5.5 cents from 4.0 cents.
AAP
Be the first to comment