Pacific Brands dressed to impress
On Wednesday, clothing group Pacific Brands (ASX: PBG) released its half yearly results, with the company posting a profit of $24.3 million against a loss of $108.7 million in the prior corresponding period. Sales rose 8.6% to $425.3 million, with chief executive David Bortolussi saying the strategy of simplifying the company and focussing on its high quality brands Bonds and Sheridan is working. Mr Bortolussi raised the company's full-year earnings guidance to between $73 and $75 million, above analyst consensus estimates of $66 million. PBG shares closed up 15.6% for the week. We own PBG in the investment portfolio.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 25 years and is the investment manager for eight LICs - WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB), WAM Microcap (ASX: WMI), WAM Alternative Assets (ASX: WMA), WAM Strategic Value (ASX: WAR), WAM Research (ASX: WAX) and WAM Active (ASX: WAA) - and the Wilson Asset Management Leaders Fund. Wilson Asset Management invests over $5 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the first LICs to deliver both investment and social returns: Future Generation Australia (ASX: FGX) and Future Generation Global (ASX: FGG).
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Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 25 years and is the investment manager for eight LICs - WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB), WAM Microcap...
Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 25 years and is the investment manager for eight LICs - WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB), WAM Microcap...
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