Specialty Fashion swings to profit

Retailer is cautious about future growth, warns on low consumer confidence.

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.

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