David Jones FY profit slips

Retailer posts slight fall in both profit, revenue; says it is well-positioned to capitalise on any rebound in consumer confidence.

David Jones (DJS) says it is well-positioned to capitalise on any rebound in consumer confidence, but believes the year ahead will challenging.

In the year to July 27, David Jones posted a net profit of $95.2 million, a 5.9% fall on the $101.1 million in 2012.

In the same period, revenue was $1.845 billion, a 1.2% decline on the $1.867 billion in the previous year.

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