Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Fashion / Fashion retailer Noni B first half profit $5.7 mn
Fashion retailer Noni B first half profit $5.7 mn
Feb '08
Noni B Limited announced an after-tax profit of $5.7 million for the half year to 30 December 2007, compared with $6.1 million for the previous corresponding period. Profit after tax from the company's Noni B stores was approximately 2 per cent higher than the previous corresponding period, with its La Voca stores, which are at an early stage of development, recording an after-tax loss of $0.8 million. The company's market share continued to grow, with sales rising by 5.8 per cent to $69.7 million.

Reflecting the directors' confidence in the company's prospects, the interim dividend has been increased to 10.0 cents per share fully franked (FY 2007: 9.0 cents), payable on 28 April 2008 to shareholders on the register at 14 April 2008.

Mr. Alan Kindl, managing director of Noni B, said: 'The increased profit from our Noni B stores is encouraging at a time when demand for women's fashion in regional New South Wales is still depressed by the lingering impact of the drought and the South Australian economy is flat. Sales have been particularly strong in Western Australia, Queensland and Northern Territory, helped by strong local economic conditions.

'We continued to expand Noni B's national coverage, opening eight new stores and closing two stores that were underperforming. We also invested $1.2 million in refurbishing nine existing stores and plan to refurbish a further 19 stores and open three new Noni B stores in the second half.

'While the loss by our La Voca stores is disappointing, we have always regarded La Voca as a long-term growth strategy which would take up to three years to make a significant earnings contribution. The concept has been fine-tuned in the light of our experience over the past 18 months and marketing expenditure has been boosted; and, with a dedicated team now driving the business, we are increasingly positive about its prospects during the coming winter season and beyond. Four new La Voca stores were opened during the half year, bringing the total to 19, and we expect to open further stores during 2008.

Must ReadView All

Courtesy: Amazon

Apparel/Garments | On 23rd Sep 2018

Consumers in Turkey get access to Amazon

Amazon has launched in Turkey giving customers in the country...

Value in omni-channel retail with Flipkart buying: Walmart

Apparel/Garments | On 23rd Sep 2018

Value in omni-channel retail with Flipkart buying: Walmart

With the acquisition of Flipkart, Walmart sees great value in...

E-com to result in common SE Asian consumer market: BCG

Textiles | On 23rd Sep 2018

E-com to result in common SE Asian consumer market: BCG

The rapid spread of e-commerce and digital technologies is binding...

Interviews View All

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Top executives, Textile industry

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Ravindra Jain, Ashish Baid,

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Igor Chapurin, Chapurin

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner, Devereux

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on

Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2018

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

news category

Related Categories:

Advanced Search