(BRZ) Conflicting reports from Brazin pure in'Sanity'
28-Apr
Brazin’s outlook for the short to medium term is getting bleaker and bleaker. Founder and Chief, Brett Blundy, has conceded that this year’s full-year earnings are likely to be up to 65 percent lower than last year.
The company, which owns the Sanity music chain as well as a line of women’s wear, has shed a massive portion of its share price since announcing the gloomy forecast, accentuated by outgoing director Ian Duffell’s comments that suggested that the company’s full-year profits were on track.
Shares in Brazen have tumbled over 50 percent since January, and Mr Blundy’s personal coffers have been depleted by millions of dollars.
BRZ
brazin limited
