Home / Knowledge / News / Apparel/Garments / Just Group foresees improvement in its net profit
Just Group foresees improvement in its net profit
03
Aug '10
Aiming to experience at least 22 percent improvement, i.e. to garner US $73 million net profit, in the year 2010-11, following challenging conditions during 2009-10, Premier Investments foresees underlying earnings at its Just Group, an Australian garment business group.

Continues increase in interest rates had lowered down the confidence of consumers and discretionary spending in 2009-10. Earnings of Just Group before interest, tax and amortization were anticipated to be between $100 million and $110 million for the year to finish at July 25, 2011.

This anticipation is quite higher than the estimates were drawn in the year just ended, which were $82 million to $86 million, said the company. The retail scenario has been challenging, especially during the second half of 2009-10.

Retail trading has been showing tremendous instability. Not any sustained improvement has been seen during this fourth quarter, alike the fourth quarter of 2008-09, despite few signs of improvement during this quarter.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 17th Jan 2017

GST rollout from July 1; states to control small taxpayers

The Centre and states have reached a consensus on the issue of dual...

Textiles | On 17th Jan 2017

Reliance Industries net increases 3.6% in Q3FY17

In the three months ended December 31, 2016, India’s biggest private...

Textiles | On 17th Jan 2017

IMF projects advanced economies to grow at 1.9% in 2017

Advanced economies are projected to grow by 1.9 per cent in 2017 and...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search