Noni B earnings rises 22% in FY19

Company News

by Rachael Jones

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. 

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.