GUD affirms FY outlook as H1 profit grows

Company News

GUD Holdings Limited (ASX:GUD) has affirmed its annual earnings forecast after improving its earnings and profit in first half of the 2015 financial year. 
The appliance manufacturer posted a profit of $17.3 million, up 16 per cent on an underlying basis but more than tripled on a net basis. 
GUD Holdings has attributed the growth from a number of its brands and highlighted pleasing progress made in Sunbeam and Dexion.   
Looking ahead the company expects to increase EBIT to between $55 million and $60 million over the full 2015 financial year. 
An interim dividend of 20 cents per share has been declared.