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but doing well with Covid-times. I guess if you can't go more than 5km, then the 'local' becomes the only option


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 Significant growth in sales volumes across all Pillars

 Strong earnings growth with underlying Group EBIT up 30.4% to $203.0m

 Group revenue increased 12.2% to $7.1bn and 12.3% to $8.1bn including charge-through sales

 Strong sales growth underpinned by investment in MFuture initiatives

 Food –move to ‘shop local’ and the improved competitiveness of retailers resulted in an increase in both foot traffic and average basket size

 Liquor –high levels of demand across the retail stores more than offset the adverse impact of trading restrictions on ‘on-premise’ customers

 Hardware –elevated demand from DIY customers and a return to growth in Trade

 Underlying profit after tax increased 43.0% to $129.6m

 Statutory profit after tax of $125.1m (1H20: Loss of $151.6m1)

 Strong cash generation and efficient management of working capital

 Positive operating leverage supported through efficient management of costs while investing in COVID Safe  work practices

 COVID related costs have been well managed and were ~$8m in 1H21

 Continued investment in growth opportunities, including the acquisition of Total Tools and the Kollaras private label business

 Sales momentum has continued into 2H21 with strong growth in first five weeks

 Increase in interim dividend to 8.0 cents per share (1H20: 6.0 cents)


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