5 Mar 2015

Briscoe Group lifts profit

2:56 pm on 5 March 2015

Briscoe Group has lifted its annual net profit by more than 17 percent to a record, beating its own forecast, as sales rose and profit margins expanded.

The homeware and sporting good retailer's net profit for the year ended late January was $39.3 million and prompted a lift in the final dividend to 8 and a half cents a share.

That takes the dividend payout for the year to 14 cents per share, up 12 percent on the previous year.

Managing director Rod Duke said the result was achieved in a challenging market.

"We watch costs very very carefully, our stock-turn is very very good in terms of industry standard.

"It's all the stuff if you like, behind the gloss and promotions, that we focus our focus on," he said.