Oroton expects lower earnings
Earnings in the six months to January 25 are expected to be about $8 million, down from the $10.5 million it made in the same period a year earlier, excluding the Ralph Lauren business it lost in June 2013.
But comparable sales in the first half of its 2013/14 year were up by an estimated three per cent, it said.
The company’s complete financial results will be released on March 11.
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