The Reject Shop (ASX:TRS) says it expects net profit after tax for the six months to December 31 to be roughly $10.5 million.
Management at The Reject Shop Ltd described retail conditions in Australia as “extremely challenging”, but say the result is consistent with the guidance provided October 17 2018.
The trading update comes as the company is in the midst of a takeover offer from Allensford.
The Reject Shop Board continues to urge shareholders to reject the $2.70 per share offer.
Shares in The Reject Shop (ASX:TRS) closed 0.37 per cent lower at $2.72 yesterday.