Fashion brand house Gazal Corporation has updated its guidance, with expectations which buck the current retail trend.
The company expects earnings to be above those of the previous financial year, which saw it sell off four brands including Lovable, Davenport, Kissed by Lovable and lifestyle brand Trent Nathan.
Gazal Corporation expects net profit, including discontinued operations, to be within the range of $10.5 million to $11.5 million for fiscal 2012.
This compares to overall fiscal year 2011 full year after tax profit of $8.1 million.
Further details will be available with the full year profit results, which are scheduled to be released in August.
Founded in 1958, Gazal today distributes 12 leading brands through independent boutiques, retailers and department stores.
Brands include Calvin Klein Underwear, Van Heuson, Pierre Cardin and Body Nancy Ganz.