Pacific Brands swings to FY profit

Retail group expects continuation of challenging market conditions.

Pacific Brands (PBG) expects a continuation of challenging market conditions to weigh on first-half earnings in 2014, despite returning to profitability in fiscal 2013.

In the year to June 30, Pacific Brands' net profit was $73.8 million, a marked turnaround on the 2012 result of $450.650 million, which was heavily weighed down by significant items.

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Staff Reporter

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