Premier Investments defies retail climate

 In Australia, NewZealand

Retail brand owner Premier Investments has reported a net profit of $46.5 million for the six months to January 26, a 20.7 per cent increase from the previous corresponding period.
The firm, which owns retailers such as Just Jeans, Jay Jays and Peter Alexander, declared a fully franked dividend of 19 cents per share.
"The retail environment in Australia continues to be challenging, however this result is a credit to the management team of Premier Retail and the relentless implementation of the six point EBIT improvement plan unveiled 18 months ago," Premier chairman Solomon Lew said. Sydney Morning Herald – Read more…

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