Premier Investments NPAT up 13% on PCP

Company News

by Katrina Bullock

Retailing, importing and distributing major, Premier Investments (ASX:PMV) has released its half year results for the period ending 26 January 2019.

It delivered net profit after tax of $88.8 million. That is up 13 per cent on the prior corresponding period.

The group has recorded an 11.1 per cent increase in earnings before interest and tax, taking its EBIT to $113.9 million.

These positive results are attributed to record global sales from Smiggle and Peter Alexander.

The group has declared its highest ordinary dividend to date of 33 cents per share fully franked.

Shares in Premier Investments Limited (ASX:PMV) are trading 0.88 per cent lower at $16.37.