The Oroton Group, Australian luxury accessories retailer, has reported a net profit of AUD16.4 million (USD17m) for the six months to 26 January, a 2.1 percent rise from the previous corresponding period, as group revenue lifted by 2.4 percent.
Oroton’s CEO Sally Macdonald said the firm’s results were solid given the challenging retail environment, international competition and amount of discounting.
Group revenue was AUD101.5 million (USD105.3m) in the first-half of 2013, up from AUD99.1m in the same period last financial year. Like-for-like sales remained flat.
(Source: The Sydney Morning Herald Online)