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Premier Investments Announces Half Year Results

21 Mar 2017  |  08:54:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Half Year Results Announcement

Premier Investments reported underlying net profit before tax of $100.6m for the 26 weeks ended 28 January 2017 (1H2016: $91.7m). The reported net profit after tax for the half was $71.9m. Its Retail's record underlying EBIT of $93.0m was up 10.6% on the comparable 26-week period last year ($84.1m). The underlying EBIT was at the top of the guidance previously given. Underlying net profit before tax increased 10.8% to $90.9m. Total sales for its Retail were up 7.1% to $588.6m. Group LFL sales were up 2.1% on a constant currency basis, on top of record 1H2016 LFL growth. Its Retail's online sales continue to outperform industry growth, with total sales up 48.0% on 1H2016.

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