Beacon Lighting Group (ASX:BLX) report full year profit growth of 16.7%

Company News

by Rachael Jones

Beacon Lighting Group (ASX:BLX) report underlying Net Profit After Tax rose to $19 million, a profit growth of around 16.7 per cent.

Statutory sales of around $252 million, that’s a sales growth of circa 2.6 per cent.

Underlying sales (excluding Beacon Energy Solutions) of around $251 million, that’s a sales growth of circa 8 per cent.

Company stores comparative sales growth was at 7.2 per cent with online sales growth of 50.6 per cent.

Shares in Beacon Lighting Group (ASX:BLX) are trading 9.7 per cent higher at $1.13.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.