Noni B's revenue has more than doubled following its acquisition of five brands, increasing to $881.9 million for the year ended June 30.
This marks an increase of 137% on previous annual revenue of $372.4 million.
While revenue was up, net profit took a 52% fall due to restructuring costs.
Net profit totalled $8.2 million, down from $17.3 million the previous year.
The figure includes $9.1 million of restructuring costs before tax, along with $10.6 million of additional depreciation charges relating to the acquired brands.
Noni B CEO Scott Evans praised the overall result.
"I am very pleased with Noni B Group’s FY2019 result s, which continued the substantial improvements seen since FY2015.
"After four years of comparable store growth, we changed strategy in FY2019.
"Whilst comparable store growth remains important, comparable gross margin growth is our priority .
"This strategy has enabled us to achieve underlying EBITDA of $45 .5 million.”
The company bought Rivers, Millers, Katies, Crossroads and Autograph from Specialty Fashion Group in July 2018.
Stay tuned for an exclusive interview with CEO Scott Evans, as he discusses the incredible turnaround of Noni B and Speciality Fashion Group.