Specialty Fashion swings to profit

Specialty Fashion Group (SFH) remains cautious about future growth given low consumer confidence, despite swinging to a full-year profit in fiscal 2013.

The group's full-year profit attributable to members was $13 million in the year, compared with a loss of $2.8 million in the prior year.

Analysts were predicting full-year profit to be around $14 million for 2012-13.

Specialty Fashion's revenue was $569.5 million in the year, down 0.5% from $572.5 million in the previous corresponding period.

The group, which is part of the Uncapped 100, will pay a final dividend of two cents fully franked. 

The company's share price fell 1.7% to 86.5 cents at 1037 AEST.