Briscoe 1H profit jumped 24%, shares rise to a record

Wed, 03 Sep 2014

By Tina Morrison Sep. 4 (BusinessDesk) - Briscoe Group, the homeware and sporting goods retail chain, boosted first-half profit 24 percent as it improves the layout of its stores and benefits from a strong New Zealand dollar. The stock jumped to a record. Profit rose to $18.5 million, or 8.37 cents a share, in the 26 weeks to July 27, from $14.9 million, or 6.81 cents, in the year earlier period, the Auckland-based company said in a statement. Profit rose 17 percent excluding a $1.34 insurance payment related to the 2011 Christchurch eart...

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