Baby Bunting’s new stores bolster NPAT & EBIT

Company News

by Jessica Amir

Baby Bunting (ASX:BBN) has reported its statutory net profit after tax (NPAT) attributable to shareholders rose 47 per cent to $12.2 million for the financial year ending 25 June 2017.

The baby retailer says 2017 was a stellar year thanks to its increased footprint, with 6 new stores expanding its network, which also increased its sales.

The firm announced its revenue from ordinary activities rose 17.4 per cent on the year to $278 million for the full year.

Baby Bunting’s EBIT advanced by 40.6 per cent, to $22.1 million.

The company also declared a final 2017 dividend of 4.3 cent per share, fully franked, payable on 15 September 2017.

Shares in Baby Bunting (ASX:BBN) last traded 0.51 per cent lower to $1.95.
 

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.