Retailer The Reject Shop Ltd
(ASX:TRS) has recorded a $15.9 million half year net profit, which is a 16 per cent fall from the prior first half.
Full year guidance has not been announced because the company is unsure about the amount of flooding costs which can be recouped by insurance.
The company has accessed additional debt facilities, however the board believes a conservative approach to capital management is required in the short term.
The board has therefore declared an interim fully franked dividend of $0.23 per share.
The Reject Shop reported a net profit of $23.35 million in the 2010 financial year.
