Noni B Limited
(ASX:NBL) has swung to a full year net loss of $3.5 million, after posting a net profit of $2.7 million last year.
The fashion retailer says the challenging women’s fashion market has been difficult, with consumer confidence low, particularly with an election looming.
The loss came after the group wrote off of the remaining goodwill created when it was listed on the ASX in 2000, which resulted in a non-cash impairment charge of $5 million.
In the same period sales were $121.5 million, a 1.5 per cent increase on the previous corresponding period.
Noni B will not pay a final dividend
