Briscoe posts 17% gain in annual profit, in line with forecast

Wed, 04 Mar 2015

By Tina Morrison March 5 (BusinessDesk) - Briscoe Group, the homeware and sporting goods retail chain, posted a 17 percent gain in annual profit, in line with its forecast, as it widened margins on more efficient operations. Profit rose to $39.3 million, or 17.8 cents per share, in the 52 weeks ended Jan. 25, from $33.6 million, or 15.3 cents, in the year earlier period, the Auckland-based company said in a statement. That's in line with the company's forecast for profit of "no less than $39 million". Sales rose 4.9 percent to $507.1 mill...

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