Country Road flags higher profit

Retailer expects increase in earnings despite warm weather, increased competition.

Retailer Country Road (CTY) expects to increase its profit before tax for fiscal 2014 despite facing increased competition and unseasonably warm weather.

In a trading update, Country Road said it expects profit before tax for the year ending June 28, 2014 in the range of $87 million to $95m, compared with the $55.9m it posted in the year to June 29, 2013.

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