AUSTRALIA: Colorado Group Set For Bright Future
Clothing retail chain Colorado Group Ltd on Tuesday posted an 18.5 per cent year-on-year climb in annual net profit to A$17.1 million on the back of a 16.8 per cent jump in sales to A$378m. The Brisbane-based company said it was pleased with its 2001 results although its footwear division had suffered the most by a downturn in sales in the wake of the September 11 atrocities in the US.