24 Aug 2011

Loss reported by Pacific Brands

12:28 pm on 24 August 2011

Retail wholesaler Pacific Brands has reported a loss of $131.9 million for the June year, due to one-off items and restructuring costs.

Excluding those charges, the company's profit rose 14.5% to $103.4 million.

Sales fell 1% during the year, due to the tough retail environment.

Pacific Brands sells brands including Bonds, Berlei and Sheridan to retailers.