PBG pacific brands limited
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News: Pacific Brands posts loss due to restructur

  1. FNN News
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    18/02/14
    10:24
    Post #: 12949511
    .


    Troubled clothing manufacturer Pacific Brands Limited (ASX:PBG) has announced its first increase in sales for five years. The company has said sales were up 2.7 per cent across the board, with the Bonds and Sheridan brands leading the improvement.



    Despite the positive sales news, Pacific booked a $219 million loss for the half due to impairment and restructuring costs.



    The company says its balance sheet and cash flow remain positive and it will reurn a 2 cent fully franked dividend.

    PBG Price at posting: 65.2¢ Sentiment: None Disclosure: Held
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