Briscoe's 1H profit down but margins and dividends up

Tue, 08 Sep 2020

Briscoe Group trimmed the impact of the coronavirus crisis to just a 1.3 percent decline in first-half net profit and even managed to fatten margins and raise its dividend. That's despite its stores being closed for 50 days during the government lockdown and it having to cancel last year's final dividend. In early May, when the country was still at alert level 3 lockdown, the company had expected "only a modest profit." Managing director and 78 percent shareholder Rod Duke attributed the surprisingly resilient outcome to a number of fa...

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