Noni B profit rise

Womenswear brand Noni B has revealed it expects to see an increase in full year profit for 2012, despite tough trading conditions.

The retailer, which currently operates more than 213 stores nationally, announced it expects an after-tax profit of between $2.5 million and $2.7 million for the 2012 financial year, according to recent guidance.

This compares with a reported after-tax profit of $0.2 million for fiscal year 2011.

After-tax profit for the second half of fiscal year 2012 is predicted to be in the range of $0.1 to $0.3 million, with sales revenue also rising two per cent to $119.7 million.

Commenting on the guidance Noni B joint managing director David Kindl said he was pleased with the company's results.

"We continue to invest in training our sales team in customer service,” he said.

“Combined with our great product, loyal customers, and expense and inventory management, this has helped our performance during what continues to be a challenging retail environment.”

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