AUSTRAILA: Miller's Retail Says Apparel Sales Strong
Leading discount retailer Miller's Retail Ltd on Wednesday said it expects earnings to grow strongly this year amid double-digit growth in its apparel businesses.
The firm said in a statement its recently acquired businesses - including Crazy Prices and Katies - were performing well and it expects pre-tax profits to jump 15 per cent.
"Taking into account reasonable Mother's Day and winter season trading over the next few weeks ... the company is confident that the operating profit before abnormal items and income tax for the financial year to June 30, 2002, will exceed the previous corresponding period by more than 15 percent," it said.
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