Specialty Fashion halves FY losses

Specialty Fashion Group, which owns brands including Rivers, Katies and City Chic, has more than halved its annual loss.

Specialty Fashion Group, which owns brands including Rivers, has more than halved its annual loss. (AAP)

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.