Company News Summary | 21 Mar 2017

Click the print icon in your browser to print this report. Currency is in AUD unless otherwise specified

Premier Investments Announces Half Year Results

08:54:00 | Associate analysts

Original annuncemenet: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.

This report appeared on 2018 Morningstar Australasia Pty Limited

© Copyright 2018 Morningstar Australasia Pty Ltd ABN: 95 090 665 544 ("Morningstar"), AFSL no 240892. (a subsidiary of Morningstar, Inc.). This information is to be used for personal, non-commercial purposes only. No reproduction is permitted without the prior written content of Morningstar. Some of the material provided is published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO").

DISCLAIMER: To the extent that any of the content above constitutes advice, it is general advice that has been prepared without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain appropriate financial, legal and taxation advice before making any financial investment decision. If applicable, investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Please refer to our Financial Services Guide (FSG) for more information at FSG or phone Morningstar on 1800 03 44 55 to request a copy. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for any use or distribution of any of this information

DISCLOSURE: Employees may have an interest in the securities discussed in this report.