Future Lifestyle’s net profit increases 40 per cent in Q4

Future Lifestyle Fashion has recorded a net profit rise of 40.4 per cent for the fourth quarter. Overall sales volume rose 20 per cent. Net sales grew 30 per cent helped by power brands and new Brand Factory stores. Same store sales growth grew nine per cent while the ebidta margin dropped 80 basis points at 9.2 per cent during the fourth quarter. The revenue share of discount chain Brand Factory rose from 27 per cent to 35 per cent that impacted absolute ebidta margins. Brand Factory is the country’s largest multi-brand discount outlet channel.