Noni B sales growth
20
Noni B Ltd issued a trading update for FY 2018, with solid like-for-like sales growth (4.5%). The company also announced an increase in EBITDA to $37 million ($23 million the year before). Sounds like a solid number, but we do agree with Warren Buffet that EBITDA is virtually meaningless. It is EBIT that really measures company performance and many organisations tend to conveniently avoid talking about it.