Sales up but lower half-year net profit expected for Briscoe

(Image: NZME)

Wed, 09 Aug 2023

Briscoe Group’s sales edged higher in its first half – surprising the group’s own managing director – but net profit is still expected to be several million lower than last year.The homeware and sporting goods retailer announced $369.2 million in half-year unaudited sales to the market on Wednesday, 0.35% higher than the $367.9m during the previous corresponding period.Briscoe said net profit after tax for the 26 weeks to July 30 would be “in excess” of $42m – a drop from the $45.6m in net profit B...

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