Briscoe Group lifts first-half profit 12 percent to $14.9 million, meeting forecast

Wed, 04 Sep 2013

By Tina Morrison Sept 5 (BusinessDesk) – Briscoe Group, the homeware and sporting goods retail chain, posted a 12 percent gain in first half profit, meeting its profit guidance as sales rose. Net profit rose to $14.9 million in the six months ended July 28, from $13.3 million in the year earlier period, the Auckland-based company said in a statement. That’s in line with the company’s Aug. 1 forecast for profit of at least $14.6 million. Sales rose 6.2 percent to $217.4 million. Briscoe’s first half gross profit margin slid to 39.18 percent f...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Quiz FREE
QuiznessDesk, Tuesday, July 05, 2022
The Quizmaster | Tue, 05 Jul 2022

Don't forget to give our daily quiz a go. Good luck

Law & Regulation
Juice magnate Lepionka sues lawyers for 'negligent' advice
Greg Hurrell | Tue, 05 Jul 2022

Businessman Stefan Lepionka's negligence case against Gibson Sheat will be split in two, with the law firm's countersuit to be heard first, the high court has ruled.

Property
George Kerr's Pyne Gould receivership continues
Victoria Young | Tue, 05 Jul 2022

Court action continues in the UK, while receivers have already clawed back $8m for the BNZ by selling South Island land.

Sponsored
How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges