A Christmas boost for Noni B

Company News

by Rachael Jones

Womens fashion retail group Noni B (ASX:NBL) reports that total sales rose by 140 per cent to $457 million in the six months ended December 31.

Due to the group's acquisition of five brands from rival retailers Specialty Fashion and improved trading they expect their underlying EBITDA for the first half ended 30 December 2018 to be approx. $29 million.

While many in the retail sector struggled over the Christmas period, Noni B Group reported like-for-like sales growth of over 1 per cent in December.

Shares in Noni B (ASX:NBL) are trading 13.2 per cent higher at $2.83.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.