Godfreys Group Limited (ASX:GFY)
has announced its unaudited financial results for the six month period ended 25 December 2015.
First half 2016 sales to 25 December 2015 were $90.5 million, contributing to a net profit between $4.3 and $4.5 million.
The company also announced Kathy Cocovski will replace Tom Krulis as Chief Executive Officer with effect from 27 January 2016.
The company now anticipates full year net profit of between $8.5 million and $9.2 million, compared with previous guidance of $12.9 million.
Godfreys recorded a net profit of $12.04 million at 26 June 2015.