Negative headwinds knock Briscoe’s half-year net profit

Managing director Rod Duke said there were “significant” supply chain cost increases. (Image: NZME)

Wed, 13 Sep 2023

Briscoe Group’s half-year unaudited net profit fell 6.29% to $42.75 million as negative headwinds continued to blow against the retail giant’s efforts to escape the current negative economic environment, putting pressure on its gross margin.Even though the $42.75m net profit after tax (NPAT) for the half-year was down from the $45.62m the retailer saw in the last corresponding period, managing director Rod Duke said producing a net profit in the current economic environment was “very pleasing”. Chair...

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