Specialty Fashion Group Limited
(ASX:SFH) expects to report a net profit of between $17 and $18 million for the six months to the end of December.
This would represent a near tripling of its $6.2 million profit from the corresponding period last year.
CEO Gary Perlstein says the significant turnaround has come on the back of a continued focus on strategies to improve sales, margins and costs.
Mr Perlstein said a major contributor to the profit growth were reductions in product and freight costs stemming from changes in the company’s supply chain.
Specialty Fashion Group reported a $2.8 million loss in the 2012 financial year.
