Fashion retailer Noni B gro32 profit rises to $115.7mn
Women’s clothing retailer Noni B Limited announced that it expects to report a profit after tax which <img src="http://www.vinacchio.com/images/large/nikefree5.0/Nike Free 3.0 V2 Damen Schwarz Silber AQOI7_LRG.jpg" alt="Nike Free 3.0 V2 Damen Schwarz Silber AQOI7" title="nike free damen $7.9 million and $8.3 million for FY 2006, balanced with $6.6 million (modulated for AIFRS) For the year before. Unaudited sales returns for the year was $115.7 million, nike free run a scarpe nike air max rise of 7.8 p’cent over 2004/5 ($107.3 million).
mr. joe Kindl, management director of Noni B Aaid: ‘Disciplined inventory management and effective control over discounting again enabled us to enhance margins. Competitors’ early discounting of winter merchandise weakened sales in June, But we are continuing to possess growing demand for the Noni B and Liz Jordan ranges.
With 13 new saves opened since June 2005, And eight further openings due before Christmas, We expect ongoing growth for the particular business.or,–
Noni B has no debt and strong cash flow. send out profit after tax for the first half of 2005/6 increased by 24.5 pct to $5.5 million; Audited latest results for the full year will be announced on 16 August.
Noni B tiny, Founded in 1977 is one of Australia’s leading fashion retailers with 190 stores nationally. Listed on the Australian stock exchange in May 2000, the has two brands: Noni B which attracts the standard-sensitive woman who prefers classic style; And Liz Jordan which has a designer look for popular social media sites woman..