Retailer and brand manager OrotonGroup Ltd
(ASX:ORL) has reported a 16.1 per cent increase in full year net profit today.
Net profit for the 12 months to July 25 came to $19.4 million up from $16.7 million the year before.
Revenue rose 10.6 per cent to $135.6 million compared to $122.6 million with sales at stores open more than a year up 8 per cent from last year.
CEO Sally MacDonald says despite the challenging economic environment the company continued to perform well reflecting the quality of its brands and consistent execution of the company’s strategy.
Oroton now has 70 stores across Australia, up from 58 a year ago.
Ms MacDonald says that whilst the company remains vigilant to the macroeconomic volatility, Oroton believes there are considerable growth opportunities in the company to expand its domestic store base, product categories and enter new geographies.
OrotonGroup declared a special dividend of 3 cents a share in addition to a final dividend of 22 cents a share, taking the total to 41 cents for the year up 17.1 per cent.
After posting a loss in 2006 the company’s profits have recovered increasing each year.
