Briscoe posts 10 percent gain in annual profit, says cautiously optimistic about the year ahead

Wed, 05 Mar 2014

By Tina Morrison March 6 (BusinessDesk) – Briscoe Group, which posted a 10 percent gain in annual profit, said it is “cautiously optimistic” about the year ahead as many retailers struggle to grow earnings. Net profit rose to $33.6 million in the 52 weeks ended Jan. 26, from $30.5 million a year earlier, the Auckland-based company said in a statement. That’s in line with its most recent forecast in January that profit would exceed $33 million, although below the $34.1 million mean forecast of analysts polled by Reuters. Sales rose 6.8 percen...

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