Briscoe lifts 1H profit, dividend, forecasts gain in annual earnings

Thu, 06 Sep 2012

Sept. 6 (BusinessDesk) - Briscoe Group, the homeware and sports goods retailer, posted a 29 percent gain in first-half profit and forecast an improved full-year result, saying it has widened margins and lifted sales in the face of subdued consumer confidence. Profit rose to $13.3 million in the 12 months ended July 29, from $10.3 million a year earlier, the Auckland-based company said in a statement. Sales rose 5.5 percent to $204.7 million while same-store sales climbed 6.8 percent. The improved results came across both homewares and its R...

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