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New business costs hit Oroton's profit

2015-03-19 00:12:04| Apparel - Topix.net

Luxury fashion retailer Oroton's half year profit has plunged 57 per cent due to reduced discounting and costs from starting up a new venture with US label Brooks Brothers. Oroton made a net profit of $2.19 million in the six months to January 24, down from $5.08 million in the same period a year ago.

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