Briscoe posts another record annual profit

Briscoe posts another record annual profit
Managing director Rod Duke said the result was despite covid lockdowns. (Image: Getty)
Jenny Ruth
Briscoe Group lifted annual net profit by more than 20% as sales volumes grew and profit margin fattened while the company signalled it expects that strong performance to continue.The homewares and sporting goods retailer reported an $87.9 million net profit for the year ended Jan 30 compared with the previous year's $73.2m which included an extra week of trading.Sales were up just over 6% at $744.4m, although, adjusted for the previous year's extra week, the increase was nearly 8%.The company will pay a final dividend of 15.5 cents per...

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