AUSTRALIA: Brazin Posts 19.5 Per Cent Drop In H1 Net Profit
Australian lingerie and music retailer Brazin Ltd reported A$17.241m ($9.09m) in net profit for the first half, representing a 19.5 per cent drop from the same period in 2000. Sales revenue for the half year fell slightly, down 0.5 per cent to $219.137m. Brazin said its Bras N Things, Sanity Music and Aztec Rose businesses continue to be the driving force for the group with strong cashflow and the piloting of new retail concepts.
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