Specialty Fashion Group Limited Reports Consolidated and Parent Earnings Results for the Year Ended June 30. 2018; Provides Earnings Guidance for the Fiscal Year 2019
August 27, 2018 at 06:23 pm EDT
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Specialty Fashion Group Limited reported consolidated and parent earnings results for the year ended June 30. 2018. For the year, on consolidated basis, the company's sales revenue was AUD 751.1 million compared to AUD 804 million a year ago. Underlying EBITDA was AUD 24 million compared to AUD 26.7 million a year ago. Underlying EBIT was AUD 3.9 million compared to AUD 4.5 million a year ago. Earnings before interest and tax were AUD 13,053,000 compared to loss of AUD 1,014,000 a year ago. Profit before income tax expense was AUD 11,477,000 compared to loss of AUD 3,221,000 a year ago. Profit after income tax from continuing operations was AUD 14,959,000 compared to loss of AUD 3,521,000 a year ago. Loss after income tax attributable to the owners of the company was AUD 9,306,000 compared to AUD 8,389,000 a year ago. Diluted LPS attributable to equity holders of the parent entity was 4.8 cents compared to 4.4 cents a year ago. Diluted EPS attributable to equity holders of the parent entity from continuing operations was 7.8 cents compared to 0.3 cents a year ago. Net cash inflow from operating activities was AUD 37 39,074,000 compared to AUD 20,568,000 a year ago. Payments for property, plant and equipment was AUD 10,385,000 compared to AUD 12,052,000 a year ago. Payments for intangibles were AUD 6,071,000 compared to AUD 3,872,000 a year ago.
For the year, on parent basis, the company's revenue was AUD 111,095,000 compared to AUD 95,191,000 a year ago. Profit before income tax was AUD 23,482,000 compared to AUD 12,101,000 a year ago. Profit after income tax from continuing operations was AUD 19,343,000 compared to AUD 9,815,000 a year ago. Total loss after income tax from parent entity was AUD 7,816,000 compared to profit of AUD 2,007,000 a year ago.
Sales growth is anticipated in fiscal year 2019 across all channels with the strongest growth expected to come from online.
City Chic Collective Limited is a global omni-channel retailer specializing in plus-size women's apparel, footwear, and accessories. The Company's brands include City Chic, Avenue, CCX, Hips & Curves, Fox & Royal, and Navabi. City Chic and CCX are dressing for plus women and its omni-channel model comprises of a network of 88 stores across Australia and New Zealand (ANZ) and Websites operating in ANZ, the United States, the United Kingdom, and Europe. Navabi and Avenue target a customer base in the conservative segment. Hips & Curves and Fox & Royal are intimate online brands. The Company owns the European-based online marketplace Navabi and also sells its collective of brands through third-party marketplace and wholesale partners in Australia, New Zealand, the United States, Canada, the United Kingdom, Europe, and the Middle East. The United Kingdom sales are comprised of online and wholesale; Europe is online only; and Middle East business is solely wholesale.
Specialty Fashion Group Limited Reports Consolidated and Parent Earnings Results for the Year Ended June 30. 2018; Provides Earnings Guidance for the Fiscal Year 2019