Normal
but doing well with Covid-times. I guess if you can't go more than 5km, then the 'local' becomes the only option[ATTACH=full]115959[/ATTACH] 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)
but doing well with Covid-times. I guess if you can't go more than 5km, then the 'local' becomes the only option
[ATTACH=full]115959[/ATTACH]
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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