Oroton Group lifts FY profit

Oroton Group (ORL) has flagged a year of "transition" for fiscal 2014, expecting earnings of between $16 million and $18 million after lifting its profit in the 2013 financial year.

In the financial year to July 2013, the fashion group posted a net profit after tax of $27.5 million, a 10.8% lift on the previous year.

Its revenue for the same period was $186.2 million, an increase of 0.8% on the previous corresponding period.

Oroton Group will pay a final dividend of 28 cents per share, bringing the total dividends payable to 50 cents per share for the year.