Noni B reports a strong Christmas
Women's fashion retail group Noni B has overcome headwinds in the retail sector and reported a successful Christmas season, buoyed by its strategy to cut costs and exploit differentiated markets after acquiring five brands from rival retailer Specialty Fashion.
Noni B Group reported on Thursday that total sales rose by 140 per cent to $457 million in the six months ended December 31. Underlying earnings before tax, depreciation and amortisation (EBITDA) was $29 million for the period, a 31 per cent increase from $22.1 million in the first half of 2017-18.
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