News: Specialty Fashion Group FY profit slips

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Specialty Fashion Group Limited (ASX:SFH) has booked an annual net profit drop but a rise in revenue. 

 

The women’s fashion retailer saw its net profit dip 3.8 per cent to $12.5 million in the 2014 financial year. 

 

CEO Gary Perlstein says after a disappointing first half a much stronger trading performance was achieved in the second half.  

 

Over the year revenue rose 20.3 per cent to $685 million on the back of growth from new stores in Australia and abroad.  

 

Looking ahead Specialty Fashion Group says it is pursuing a measured entry into certain retail markets beyond Australia to provide growth opportunities for its brands. 

 

A fully franked dividend of 2 cents per share has been declared.