Brief: City Chic Collective Posts HY Sales Revenue Of A$178.3 Mln

City Chic Collective

24/02/2022 24:24

Feb 24 (Reuters) - City Chic Collective Ltd  CCX.AX :
    * HY SALES REVENUE OF A$178.3M, REPRESENTING TOP-LINE GROWTH
OF
49.8%
    * HY STATUTORY NPAT OF A$12.3M, DOWN 5.9% VERSUS 1H FY21
    * IN FIRST 8 WEEKS OF 2H FY22, CITY CHIC HAS CONTINUED TO
DELIVER
TOP-LINE AND COMPARABLE SALES GROWTH
    * HY ONLINE COMPARABLE SALES GROWTH OF 52.5%
    * DECIDED NOT TO DECLARE A DIVIDEND FOR 1H FY22
    * IN FIRST 8 WEEKS OF 2H FY22, ONLINE GROWTH RATES IN KEY
MARKETS
OF ANZ AND US HAVE BEEN MORE SUBDUED COMPARED TO 1H FY22
    * DECISION TO PAY A DIVIDEND WILL BE REVIEWED AT FY22
RESULTS
    * STOCK LEVELS WILL CONTINUE TO BUILD DURING 2H FY22 TO
MANAGE
LUNAR NEW YEAR SHUTDOWNS IN CHINA
    * STRATEGIC INVESTMENT IN INVENTORY TO RESULT IN TEMPORARY
REDUCED
CASH POSITION AND PARTIAL UTILISATION OF GROUP'S DEBT FACILITY

Source text for Eikon:  ID:nASX6LTd0k 
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