Australian retail conglomerate Premier Investments
(ASX:PMV) announces a net profit of $105.1 million, a 1.2 per cent increase year on year.
Sales have risen 5.7 per cent to $1.1 billion, despite low consumer confidence throughout the year.
Global sales of stationery chain Smiggle is up 28.8 per cent to $238.9 million with the opening of 58 new stores.
Sales of retail store Peter Alexander has risen 14 per cent to $190.9 million with 11 new stores.
Online channels delivered total sales of $68.1 million, up 44.3 per cent from the previous year, expected to exceed the original target of $100 million in annual sales sooner than 2020.
The company declared a fully franked final dividend of 27 cents.
Shares in Premier Investments
(ASX:PMV) last traded 2.98 per cent lower at $13.34.
