Revenue ($m) 119.0, up 13.5pc from year-earlier 104.8
Pre-tax profit ($m) 18.8 v 16.0
Net profit ($m) 13.1 v 10.5
Interim dividend (¢) nil v 1.5
Plus-sized retailer City Chic will use its newly acquired Evans brand as a base to expand further into the United Kingdom and has flagged more acquisitions after a solid December-half result underpinned by soaring online sales.
City Chic outlaid $41 million in December for the e-commerce and wholesaling business of the Evans group, which was part of Sir Philip Green’s collapsed Arcadia Group, to expand into the $9 billion UK plus-sized market.
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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
