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

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)
Riley Kennedy
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...

More Finance

Willis can do more to fix banking competition
Finance

Andrew Body: Willis can do more to fix banking competition

A competitive banking system needs more than lower capital adequacy ratios.

Credit card issuers fear ComCom proposals
Finance

Credit card issuers fear ComCom proposals

The proposed regulations will stifle banking competition, says Mastercard.

RBNZ signals U-turn on bank capital requirements
Finance

RBNZ signals U-turn on bank capital requirements

A major shift at RBNZ's first public outing since Adrian Orr's sudden departure.

Pattrick Smellie 31 Mar 2025
Grenon seeks to end ‘futile’ NZME board stoush
Finance

Grenon seeks to end ‘futile’ NZME board stoush

It's time for the current board to fold 'em, says coup orchestrator. 

Pattrick Smellie 26 Mar 2025