5 Sep 2013

Briscoe first-half net profit up

12:05 pm on 5 September 2013

First-half net profit for Briscoe Group rose 12.4%.

The company, which operates the Rebel Sport, Briscoes and Living & Giving chains, reported a profit of $14.9 million for the six months to July compared with $13.3 million in the same period last year.

However, managing director Rod Duke said Briscoe's gross profit margin for the sporting goods and homewares retailer slipped half a percentage point because of an extraordinarily challenging start to the year due to the very late start of winter.