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Country Road Limited (ASX:CTY) has predicted a bumper first half profit on the back of its latest acquisitions.
The fashion retailer expects to post a first half profit of up to $29 million, from $13.7 million the year before.
Last year the company acquired fashion retailer Witchery Australia and Australian accessories designer Mimco.
The acquisitions helped Country Road boost total group sales by 50.5 per cent to $331 million in the last six months of 2012.
The company’s interim results are due for release mid February 2013.
Shares in Country Road closed steady at $3.32 before the announcement was made yesterday.
In the 2012 financial year Country Road’s net profit fell 11 per cent to $16.1 million.
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