Business

Briscoe Group profit grows

13:33 pm on 6 March 2014

The Briscoe Group says opening new stores, refurbishing older ones, and being fiercely competitive has helped its annual profit rise by 10.2 percent to $33.58 million.

The group, which also owns Rebel Sports and Living and Giving, posted sales of $483.6 million in the 12 months to January.

Same store sales growth was up by 5.82 percent over the 12 months.

Briscoe has lifted its final payout from 7 cents to 8 cents per share.