Oro­ton share slump 10pc

Townsville Bulletin - - Investor -

SHARES in lux­ury ac­ces­sories re­tailer Oro­tonGroup Ltd plunged al­most 10 per cent af­ter it posted a flat first half profit and said its out­look re­mained cau­tious amid an un­cer­tain mar­ket. How­ever, the group still plans to open three Oro­ton stores in Sin­ga­pore and Malaysia and one store in Aus­tralia and three Polo depart­ment store con­ces­sions. The hand­bags, wal­lets and jew­ellery re­tailer posted a net profit of $ 15.4 mil­lion for the six months to Jan­uary 29.

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