Super Retail Group Ltd.’s stock surged after posting a 7% rise in profit for FY18

  • Aug 21, 2018 AEST
  • Team Kalkine
Super Retail Group Ltd.’s stock surged after posting a 7% rise in profit for FY18

Strong FY 18 Performance: Super Retail Group Ltd.’s (ASX: SUL) stock surged about 8% on August 21, 2018 (before market close) as the company for FY 18 reported 7% rise in Normalised Net Profit After Tax (NPAT) to $145.3 million. The total group sales grew 4.2% to $2.57 billion and delivered 5.9% growth in EBIT to $219.6 million.

The operating cash flow in 2018 is $73.9 million higher to $308.4 million than pcp. SUL has completed the acquisition of Macpac for NZ$144.0 million and this has been effective from 31 March 2018. Additionally, SUL has declared the final dividend of 27.5 cents, that brings a full year dividend to 49.0 cents. As a result, SUL stock has risen 9.36% in three months as on August 20, 2018  and is trading at a P/E of 18.04x.

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