Briscoe says annual profit rose at least 9 percent after strong fourth-quarter sales

Wed, 29 Jan 2014

By Suze Metherell Jan. 30 (BusinessDesk) – Briscoe Group, the homeware and sporting goods chain, expects its annual profit to rise by at least 9 percent after “particularly strong” Christmas sales and an overall steady fourth quarter. Net profit will exceed $33 million in the 52 weeks ended Jan. 26 from $30.5 million a year earlier, the Auckland-based company said in a statement. It had previously said it expected to exceed last year’s earnings. Fourth quarter sales were up 8.1 percent on the same quarter the previous year, totalling $162...

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