Fashion retailer Noni B expects 35-40% profit up for June, 05

23 May '05

2 min read

australia's fashion retailer noni b limited announced expects the company's profit after tax for the year to 30 june 2005 will be between 35 per cent and 40 per cent above the previous year, when profit after tax was $4.4 million.

this will follow profit increases of 48.2 per cent in 2003/4, 41.2 per cent in 2002/3 and 22.4 per cent in 2001/2. mr alan kindl, managing director of noni b, said: 'the strong sales growth achieved in the first half has continued in the second half. we attribute this to our detailed understanding of our customers' expectations, continued strict inventory control, growing awareness of our noni b and liz jordan brands and the appeal of our winter ranges.

they are continuing to expand our national store network and expect to open a further seven stores during the remainder of calendar 2005, bringing the total to 185.' noni b limited, founded in 1977, is one of australia's leading fashion retailers with 178 stores nationally. listed on the australian stock exchange in may 2000, the company has two brands and store concepts: noni b which attracts the quality-conscious woman who prefers classic style; and liz jordan which has a designer look for the fashionable woman.

noni b is one of australia's leading fashion retailers. noni b was founded in 1977 and operates over 170 noni b and liz jordan stores across australia. noni b ltd listed on the australian stock exchange in may 2000.

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