Lovisa records 1H revenue growth

Company News

Lovisa Holdings Limited (ASX:LOV) has announced revenue growth of 13.1 percent in its preliminary unaudited 1H FY16 results.
 
The company said this result was underpinned by like for like sales growth of 4.1 percent, alongside 11 new store openings.
 
Based on first half performance, Lovisa said it expects to achieve FY16 EBIT in the range of $23.5 million to $25.5 million.
 
Sales at Lovisa’s first UK store are meeting expectations. The company is in the process of finalising another 2 to 3 stores.
 
Lovisa Holdings recorded a net profit of $30.6 million at 30 June 2015.