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...

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