BRZ brazin limited

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    (BRZ) Conflicting reports from Brazin pure in'Sanity'

    Brazin’s outlook for the short to medium term is getting bleaker and bleaker. Founder and Chief, Brett Blundy, has conceded that this year’s full-year earnings are likely to be up to 65 percent lower than last year.

    The company, which owns the Sanity music chain as well as a line of women’s wear, has shed a massive portion of its share price since announcing the gloomy forecast, accentuated by outgoing director Ian Duffell’s comments that suggested that the company’s full-year profits were on track.

    Shares in Brazen have tumbled over 50 percent since January, and Mr Blundy’s personal coffers have been depleted by millions of dollars.

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