OrotonGroup Limited
(ASX:ORL) has reported a 4 per cent lift in its first half net profit, coming in at $16 million.
In the same period the retailers’ revenue rose 13 per cent and earnings before interest and tax were up 7 per cent.
CEO Sally Macdonald says the pleasing profit increase was achieved in a very challenging retail environment.
The net profit gain was generated despite Oroton injecting $1.2 million of net costs into establishing its international Oroton stores.
Looking ahead Oroton says it is cautious but has flagged potential acquisitions and says it remains focussed on its Asia-expansion strategy.
A fully franked interim dividend of 22 cents per share has been declared.
