ORL orotongroup limited

{"streaming_server":"rtmp:\/\/s2svek4dh1hfyu.cloudfront.net\/cfx\...

  1. lightbulb Created with Sketch. 1
    .

    OrotonGroup Limited (ASX:ORL) has reported a 4 per cent lift in its first half net profit, coming in at $16 million.



    In the same period the retailers’ revenue rose 13 per cent and earnings before interest and tax were up 7 per cent.



    CEO Sally Macdonald says the pleasing profit increase was achieved in a very challenging retail environment.



    The net profit gain was generated despite Oroton injecting $1.2 million of net costs into establishing its international Oroton stores.



    Looking ahead Oroton says it is cautious but has flagged potential acquisitions and says it remains focussed on its Asia-expansion strategy.



    A fully franked interim dividend of 22 cents per share has been declared.
 
Add to My Watchlist
What is My Watchlist?
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.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.