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.

Katrina Bullock

Finance News Network
Katrina joined FNN in 2018. She holds a Bachelor of Laws (Honours first class), a Bachelor of Business (Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She previously worked as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel for Greenpeace Australia Pacific.