Noni B Limited net sales up 25% for FY 2006

06 Jul '06

2 min read

Noni B Limited, the retail fashion group announced that it expects to report a profit after tax of between $7.9 million and $8.3 million for FY 2006, compared with $6.6 million (adjusted for AIFRS) for the previous year. Unaudited sales revenue for the year was $115.7 million, an increase of 7.8 per cent over 2004/5 ($107.3 million).

Mr. Alan Kindl, managing director of Noni B,said: 'Disciplined inventory management and effective control over discounting again enabled us to increase margins. Competitors' early discounting of winter season merchandise weakened sales in June, but we are continuing to experience growing demand for the Noni B and Liz Jordan ranges. With 13 new stores opened since June 2005, and eight further openings scheduled before Christmas, we expect ongoing growth for the company.'

Noni B has no debt and strong cash flow. The company's profit after tax for the first half of 2005/6 increased by 24.5 per cent to $5.5 million; audited results for the full year will be announced on 16 August.

Noni B Limited, founded in 1977, is one of Australia's leading fashion retailers with 192 stores nationally. The company has two store concepts: Noni B which sells garments under the Noni B brand for the quality-conscious woman who prefers classic style and under the Liz Jordan brand for the fashionable woman who wants a designer look; and La Voca which sells garments for the discerning aspirational woman who wants quality, stylish fashion.

Noni B Limited

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