Briscoe sees 9.7 percent first-half profit growth as 2Q sales keep growing

Wed, 31 Jul 2013

Aug. 1 (BusinessDesk) - Briscoe Group, the homeware and sporting goods retail chain, anticipates 9.7 percent growth in first-half profit as second-quarter sales continued to grow across both segments and margins widen. Net profit rose to at least $14.6 million in the six months ended July 28 from $13.3 million a year earlier, the Auckland-based company said in a statement. That was on the strength of 6.5 percent gain in revenue to $108.8 million. On a same-store basis, sales rose 3.9 percent. “After an extraordinarily challenging beginning...

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