September 8, 2020 • 5 mins
Cancelled holidays seem to have boosted profits for the company that owns Briscoes, Rebel Sport and Living and Giving.
It's made a net profit of nearly $28 million dollars for the half year ended July 26, just 1.3 percent down on last year.
Briscoe Group managing director, Rod Duke told Heather du Plessis-Allan there's extraordinary demand in the suburbs after 50 days in lockdown.
"There's a bit more money in households from cancelled holidays, so people are spending it on their home."
Briscoe Group had put dividends on hold because of Covid-19.
But directors have now decided to pay an interim dividend of nine cents a share, up from 8.5 cents last time.
LISTEN ABOVE
It's made a net profit of nearly $28 million dollars for the half year ended July 26, just 1.3 percent down on last year.
Briscoe Group managing director, Rod Duke told Heather du Plessis-Allan there's extraordinary demand in the suburbs after 50 days in lockdown.
"There's a bit more money in households from cancelled holidays, so people are spending it on their home."
Briscoe Group had put dividends on hold because of Covid-19.
But directors have now decided to pay an interim dividend of nine cents a share, up from 8.5 cents last time.
LISTEN ABOVE
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