Briscoe Group's first-half profit declines, while revenue increases – slightly

Briscoe Group's managing director Rod Duke said the company's result was very pleasing. (Image: Getty)

Wed, 14 Sep 2022

The impact of disrupted supply chains, covid-19 and other economic factors has seen Briscoe Group’s first-half net profit drop by nearly 3.8% to $45.6 million.However, its total sales for the six-month period to July 31 increased 2.7% to $367.9m, 21% ahead of the most recent comparable period not affected by the pandemic.The dual-listed retailer’s managing director, Rod Duke, said it was very pleasing to produce a net profit only slightly below the record first-half profit reported last year, considering the impact on shopping centr...

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