Apparel group Pacific Brands recorded a reduction in full-year net profit, following a double-digit sales decline and despite a stronger second half to the year.
Go deeper with GlobalData
The company said it had managed to maintain margins, largely thanks to a cost reduction plan that was running ahead of plan.
“We are pleased that margins – both gross margins and EBITA margins – held steady despite the continuing difficult market conditions and adverse impact of currency,” said Pacific Brands CEO Sue Morphet.
“This evidences the strength of our key brands and the benefits of our transformation programme.”
Click here to view the company’s full financial statement.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
