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By
Reuters
Published
Aug 26, 2014
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Australia's Pacific Brands swings to annual net loss

By
Reuters
Published
Aug 26, 2014

SYDNEY, Australia - Pacific Brands, Australia's largest-listed clothing manufacturer, on Tuesday swung to a net loss in the year to June, largely hit by one-off items even as sales revenue ticked up.

The company posted a net loss of A$224.5 million ($208.40 million compared with net profit of A$74 million a year ago. Revenues rose about 4 percent to A$1.3 billion in the period.

1 US dollar = 1.0772 Australian dollar

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