Fashion company Noni B
(ASX:NBL) today announced its financial results for the year ended 30 June 2019 showing net profit after tax (NPAT) for the year was $8.2 million, down 52.3 per cent against $17.3 million in the prior period. The FY2019 figure includes $9.1 million of restructuring costs before tax as well as $10.6 million of additional depreciation charges relating to the acquired brands.
Underlying EBITDA increased 22 per cent to $45.5 million.
A fully-franked final dividend of 5.5 cents per share declared, following the 9.0 cent per share interim dividend paid in March 2019, resulting in a total fully-franked dividend of 14.5 cents per share for FY19.
That's an increase of 11.5 per cent over the total dividend paid in FY2018.
Shares in Noni B Limited (ASX: NBL) closed -0.76 per cent lower at $2.60 yesterday.
