Oroton Group
(ASX:ORL) has announced the company’s financial results, with a 10 per cent dip in revenue over the financial year to the 29th July 2017.
The luxury fashion accessories group, is disappointed with the results, which reported an NPAT loss of $14.3 million.
It also reported an underlying EBITA of $2.7 million in line with previous guidance announced in May of $2-3 million.
Oroton’s decision to exit the Australian Gap Franchise hopes to allow the company to focus on growing the Oroton core brand.
With renewed creative direction, the company is focusing on enhancing the customer experience across all channels from retail to website.
Shares in Oroton Group
(ASX:ORL) are trading 0.64 per cent higher at $0.79.
