PBG 0.00% $1.15 pacific brands limited

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    Pacific Brands Limited (ASX:PBG) has warned shareholders the group's first-half profit may come in below expectations due to difficult trading conditions.


     


    Addressing shareholders at the group's annual general meeting, chief executive officer John Pollaers said full-year profit was also expected to take a hit.


    Mr Pollaers said while the main reason for lower profit was difficult trading conditions, increased investment, a continued downturn in the workwear market and the non-renewal of certain licences would also weigh on the company's bottom line.


     


    Separately, Pacific Brands announced it had finalised the refinancing of its existing syndicated debt facility.


     


    Pacific Brands generated a net profit of $73.8 million in fiscal 2013.

 
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Currently unlisted public company.

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