Premier Investments’ Limited
(ASX:PMV) net profit has lifted to $174.5 million, but the group has warned of a challenging retail environment.
The result was boosted by a one-off accounting reclassification gain of $105 million after tax.
Revenue lifted 16.9 per cent to $1.02 billion, compared with $871 million in the previous corresponding period.
The group will pay a final dividend of 19 cents per share, fully franked.
Chairman Solomon Lew says the company remains focused on growing shareholder wealth through optimising its investments and seeking new opportunities.
