Briscoe says first-half profit rose 21% on fatter margins, online sales

Mon, 04 Aug 2014

By Suze Metherell Aug. 5 (BusinessDesk) - Briscoe Group, the homeware and sporting goods retail chain, lifted first-half profit 21 percent, bolstered by an insurance settlement, and as second-quarter sales rose, margins widened and increased online sales offset a highly competitive retail environment, Net profit rose to at least $18 million in the six months ended July 27, from $14.9 million a year earlier, the Auckland-based company said in a statement. The bottom line includes the finalisation of a $1.3 million business interruption cla...

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