Oroton bags a shiny profit
Accessories retailer OrotonGroup Limited (ASX: ORL) also announced its results on Thursday, reporting a 73% jump in profit. The company said higher prices, rising online sales and the revamping of its stores drove the significant rise in profit in the six months to January 23 to $3.8 million. The latest results followed a hard year for the company in 2015, when full-year profits dropped 68% to $2.6 million. Oroton shares closed up 22.7% for the week. We do not own Oroton in the investment portfolio.
Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...