News: Pac Brands posts $73.8M profit

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Pacific Brands Limited (ASX:PBG) delivered a full year net profit of $73.8 million, a significant turnaround on last year’s loss of $450.7 million.

 

Lat year’s result was heavily impacted by significant items.

 

In the year to June 30, sales dropped 3.7 per cent, but there was improvement in the second half.

 

The company says sales momentum improved despite difficult retail conditions.

 

Pacific Brands will pay a fully franked final dividend 2.5 cents, taking the total dividend to 5 cents.