Bumper first half 2018 for Noni B

Company News

by Anna Napoli

Ladies fashion retailer Noni B (ASX:NBL) has reported its underlying pre-tax profit increased by 69 per cent to $17 million for the 6 months to December 2017.

In more good news for the company, its revenue strengthened over the six months, and lifted 35 per cent on the same time last year to $193 million.

Its underlying earnings (EBITDA) increased over 55 per cent on the prior year, to $23 million.

The company declared an interim dividend of 9 cents per share fully franked.

The retailer says its well placed for the second half of 2018 including preparations for the very important Mothers Day trading period.

Shares in Noni B (ASX:NBL) closed around 2 per cent lowerto $2.22.