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Women's fashion retailer Noni B profit up
23
Jul '12
Noni B Limited, the retail fashion group, announced that it expects to report an after-tax profit in the range $2.5 – 2.7 million for FY2012. This compares with a reported after-tax profit of $0.2 million ($0.7 million before goodwill impairment) for FY2011.

After-tax profit for the second half of FY2012 is expected to be in the range $0.1 – 0.3 million, compared with a loss of $0.8 million before goodwill impairment for the second half of FY2011.

Sales revenue for FY2012 (53 weeks) was $119.7 million, an increase of 2% over the previous year ($117.3 million in 52 weeks).

‘We are pleased with this improved result, which reflects our focus on providing personal service to our customers,’ said David Kindl, joint managing director. ‘We continue to invest in training our sales team in customer service; combined with our great product, loyal customers, and expense and inventory management, this has helped our performance during what continues to be a challenging retail environment.’

Noni B Limited, founded in 1977, is one of Australia’s leading fashion retailers, with 216 stores nationally. Noni B differentiates itself by focusing on superior service, style and fit. Our dedicated team is passionate about providing women with an instore experience where personalised advice is the basis of great customer service, and our styles are designed to make our customers look and feel good through day and evening, even when they travel.

Noni B Limited

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