Noni B FY profit surges five-fold
Women's wear retailer Noni B's annual net profit has surged more than fivefold to $17.29 million, helped by stronger sales and full-year contribution from the Pretty Girl business that it acquired from James Packer in 2016.
Revenue for the year to June 30 rose 17.6 per cent to $372.4 million, reflecting contribution from the Pretty Girl business, as well as strong growth of its own brands Noni B, Rockmans and W Lane.
Noni B expects to triple its annual revenue to about $1 billion in 2018/19 after acquiring Specialty Fashion Group's brands Millers, Katies, Crossroads, Autograph and Rivers in July.
