PERTH: Luxury womenswear brand Aurelio Costarella has released its latest results, posting a five per cent revenue rise for the half year ended December 31 2008.
Revenue from ordinary activities for the period totalled $566,404, compared to $538.946 in the previous corresponding period. This was a result of an increase in sales revenue and considering a significant decrease in net government grants received during the period.
Gross profit decreased for the half year to $27,704, representing a decrease of 82 per cent. The decrease resulted from a write down made for an inventory impairment of $24,000 on December 31, and a cost increase during the period.