Pacific Brands dressed to impress
On Wednesday, clothing group Pacific Brands (ASX: PBG) released its half yearly results, with the company posting a profit of $24.3 million against a loss of $108.7 million in the prior corresponding period. Sales rose 8.6% to $425.3 million, with chief executive David Bortolussi saying the strategy of simplifying the company and focussing on its high quality brands Bonds and Sheridan is working. Mr Bortolussi raised the company's full-year earnings guidance to between $73 and $75 million, above analyst consensus estimates of $66 million. PBG shares closed up 15.6% for the week. We own PBG in the investment portfolio.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the Future Generation companies, the first LICs to deliver both investment and social returns.
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Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more...
Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more...
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