AUS
NZ
UK
CA
USA
IND
Premier Investment Limited (ASX:PMV) today announced fiscal 2018 results, posting 9.2% growth in underlying net profit before tax to $160.3 million, including premier retail contribution of $150.1 million EBIT, up 10.3% on previous year. However, after taking into account the impairment expenses and the other one-off charges, the reported net profit after tax slipped to $83.6 million compared to $105.1 million in FY17.
During fiscal year 2018, the premier retail segment of the group has achieved record sales of $1.18 billion, showing an improvement of 8.2% over the previous year. This represents a strong sales growth recorded across its retail apparel brands including Smiggle and Peter Alexander with 22.7% and 14.5% sales increase, respectively, compared to FY17. The growth of 65.3% in online sales of $112.5 has been another principal driver to push the retail sales to record level. Over the last 6 years the Premier Retail has opened 307 new Smiggle and Peter Alexander stores globally along with the opening of 73 new stores, 52 of Smiggle and 21 of Peter Alexander in FY18.
Net cash generated by the Premier Investment has gone up 36% to $146.9 million which has enabled the group to enhance its investments and distribute greater dividends while sustaining cash at $178.6 million as at 28 July 2018. [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]
The Board of Directors have declared a record final dividend of 33 cents per share, fully franked, which has taken full year dividend to 62 cents per share, up 17% on FY17. The final dividend is scheduled for payment 16 November 2018 to shareholders on registry on the record date of 29 October 2018.
Premier Investmentâs share price dropped by 2.314% to $19.00 on 20 September 2018. The stock has seen a performance change of +42.07% over the past one year while currently it has been trading at the PE of 27.430 x with market capitalization of $3.08 billion.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a companyâs prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
Â
