Premier Investments
(ASX:PMV), which owns retail brands such as Smiggle, Peter Alexander and Just Jeans, has posted some impressive full-year results.
The company’s reported net profit was up 17.9 per cent to $103.9 million, and its total sales increased by 10.9 per cent to $1.05 billion.
Premier’s star-performing brand was the stationery store, Smiggle, whose sales skyrocketed by 41.8 per cent last financial year. Smiggle also opened 52 new stores, including 40 in the UK.
Premier’s pyjama store, Peter Alexander, also performed well. Its sales surged 20.4 per cent to $169.1 million, with the opening of 11 new stores.
Premier declared a fully-franked final dividend of 25 cents per share. This brings its the full year ordinary dividend to 48 cents per share.
