Premier Investments Ltd (ASX:PMV) says it expects a 3% improvement in annual sales for its wholly owned subsidiary Just Group Ltd, to $870 million.
The company has forecast Just Group's fiscal 2010 net profit after tax of between $78 million and $81 million.
Premier says Just Groups trading performance has been significantly impacted by a challenging retail environment, describing trading as abnormally volatile.
The company's Portmans brand posted an $18.5 million loss for the year to 30 June.
Premier says it intends to declare a fully franked final dividend for the 2010 financial year of 18 cents per share, in line with the final ordinary dividend of the previous year.
Preliminary final audited results will be released on 21 September.
Premier Investments reported a profit of $82.75 million for the year ending 30 July 2009.
PMV Price at posting:
$6.30 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)