Luxury retailer bags 10% profit rise

Oroton has warded off strong international competition and a sluggish retail sector to post a solid increase in full-year profits. The handbag and accessory retailer's profit jumped by 10.2 per cent to $27.5 million for fiscal 2013, up from $24.9 million. The group matched last year's final dividend of 28¢, fully franked.

By InvestSMART · 20 Sep 2013

By InvestSMART ·
20 Sep 2013

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Frequently Asked Questions about this Article…

What were Oroton's full-year profits for fiscal 2013?

Oroton reported full-year profits of $27.5 million for fiscal 2013.

How much did Oroton's profit rise year-on-year?

Profit rose by 10.2% compared with the prior year, up from $24.9 million to $27.5 million.

What type of business is Oroton?

Oroton is a handbag and accessory retailer.

What challenges did Oroton overcome to post these results?

According to the article, Oroton warded off strong international competition and a sluggish retail sector to deliver the profit increase.

Did Oroton pay a dividend with its fiscal 2013 result?

Yes. The group matched last year’s final dividend of 28¢, fully franked.

What does it mean that Oroton 'matched last year’s final dividend'?

It means Oroton kept the final dividend at the same level as the previous year — 28¢ per share, and the dividend was fully franked.

How did the article describe Oroton's profit increase?

The article described Oroton’s profit rise as a 'solid increase' despite difficult retail conditions.

Why are these fiscal 2013 results relevant for everyday investors?

The results show Oroton achieved profit growth and maintained its final dividend in fiscal 2013, signalling resilience amid international competition and a sluggish retail sector — facts highlighted in the article.