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

How Sharesies is providing ‘patient’ capital for listeds
Finance

How Sharesies is providing ‘patient’ capital for listeds

The online platform is being tapped for bookbuilds and dividend reinvestment plans.

Fonterra boss wins big at INFINZ awards
Finance

Fonterra boss wins big at INFINZ awards

Michele Embling became a fellow of the institute. 

Staff reporters 13 May 2025
No longer 'boutique' Generate is executing, CEO says
Finance

No longer 'boutique' Generate is executing, CEO says

The fund manager is now the seventh-largest KiwiSaver provider.

Gregor Thompson 09 May 2025
ANZ half-year profit surges on non-cash gains
Finance

ANZ half-year profit surges on non-cash gains

Cash earnings were flat, and net interest margin rose slightly.

Pattrick Smellie 08 May 2025