SOUTH AFRICA: Country Road Now Enjoying Australia Ride
South African upscale clothing chain Country Road expects to swing into a first half profit in Australian and New Zealand after cost cutting and its exit from its US loss-making chain in January.
The company said Friday it expects its Australia and New Zealand operations to make a pre-tax profit of A$1.5m-A$2m amid an "encouraging" reversal of fortunes after it posted a loss of around A$3m in the year-ago period.
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