AUSTRALIA: Shoe Firm Colorado Posts Profit Jump
Shoe retailer Colorado Group Ltd on Wednesday reported an 18.5 per cent climb in full-year net profit to A$17.1 million (US$8.8m), compared to the year-ago period.
The Brisbane-based firm, which also sells adventure gear, said in a statement its revenue jumped 17 per cent to A$378m, while earnings before interest and tax rose 14.4 per cent to A$25.9m, but that same-store sales growth was flat.