Dick Smith Aussie sales boost FY profit

Company News

Dick Smith Holdings Limited (ASX:DSH) has reported a better than expected profit than anticipated in last year’s prospectus. 
 
The electronics retailer reported a net profit of $42.1 million in the full 2014 financial year. The result was a 5.3 per cent improvement from its prospectus guidance and boosted by stronger sales in Australia.  
 
Over the year ahead the company says it is well positioned for another year of strong performance.

Managing Director and CEO Nick Abboud says consumers continue to respond well to the company’s strong offers, despite challenging market conditions. 
 
A fully-franked final dividend of 8 cents per share has been declared. 

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