Home / Knowledge / News / Apparel/Garments / Pacific Brands profit up 8.9% in H1 of FY'13
Pacific Brands profit up 8.9% in H1 of FY'13
19
Feb '13
Pacific Brands announces first half year results ending December 31, 2012 of fiscal year 2012-13.

-Reported net profit after tax of $38.9 million (no significant items) for the 6 months ended 31 December 2012 (1H13) up from a reported loss of $362.4 million (impacted by significant items)

-Sales down 6.6% but net profit after tax up 8.9% and earnings per share up 10.0% (before significant items) with continued strong cash flow

-Dividend up 25% on the previous corresponding period to 2.5 cents per share fully franked (declared), representing an increase in the payout ratio to 59% (up from 51%)

-Underwear showed encouraging growth, driven by Bonds, Berlei and Jockey

-Workwear has been impacted by a cyclical downturn in market conditions

- Premium footwear up and Sheridan marginally down in difficult markets; a turnaround in other HFO brands and businesses is being undertaken

- Further detail provided on strategic priorities to stabilise sales and deliver sustainable growth over time

Chief Executive Officer, John Pollaers, said: “Pacific Brands announced a net profit after tax of $38.9 million for the six months ended 31 December 2012. This is up from a reported loss of $362.4 million after significant items and represents an 8.9% increase on the result before significant items recorded for the previous corresponding period. This result reflects gains achieved through strong operating and financial discipline across the business in continued challenging market conditions".

Click here to view results.

Pacific Brands


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 21st Feb 2020

France unveils environment score system for apparel

France has launched a system under which apparel may now display a...

Pic: Shutterstock

Textiles | On 21st Feb 2020

Asia's largest textile distribution centre in PRC reopens

The China Textile City, Asia's largest textile distribution centre in ...

Pic: Shutterstock

Textiles | On 21st Feb 2020

Ind-Ra revises Indian textile outlook to negative for FY21

India Ratings and Research (Ind-Ra) has revised the Indian textile...

Interviews View All

Anshul Sood, Oceedee

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Karan Toshniwal, Orange O Tec

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Top executives, Textile industry

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Jos Notermans,

Jos Notermans

SPGPrints is a global provider of integrated solutions for rotary screen...

Rushiraj Mulani,

Rushiraj Mulani

The Shradhdha Group of companies was established in 2010 and is based out...

Carmen Silla,

Carmen Silla

Leading the transformation of the textiles industry with disruptive...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

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

Leave your Comments


February 2020

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


Advanced Search