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Specialty Fashion halves FY losses

AAP logoAAP 22/08/2016

Specialty Fashion Group has more than halved its full-year net loss to $2.2 million as it continues to rejuvenate its struggling clothing brands.

The company, which owns brands including Rivers, Katies and City Chic, also raised revenue by 4.4 per cent to $826.2 million in the 12 months to June 30.

Specialty Fashion Group did not pay a final dividend, and has not paid a dividend since June 2014.

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