Briscoe forecasts 18% profit lift in full-year profit as 4th-qtr sales rise

Tue, 02 Feb 2016

By Sophie Boot Feb. 3 (BusinessDesk) - Briscoe Group, whose hostile takeover of Kathmandu Holdings was spurned in 2015, expects to report a record full-year profit of $46.5 million, up from 2015's $39.3 million. Managing director Rod Duke said the company expected the record profit after growth in sales and margin throughout the year was maintained with the strongest sales growth for the year in the fourth quarter, which is the 14 weeks to Jan. 31. The profit would mark Briscoe's seventh consecutive annual increase. Unaudited sales for...

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