Adairs (ASX:ADH) profit increases 19% for year
Bedding company Adairs (ASX:ADH) reports a 19 per cent lift in FY2020 net profit after tax of $35.3 million compared to a year ago.
Group sales increased 12.9 per cent to $388.9 million.
EBIT rose 35.6 per cent to $59 million and earnings per share were up 17.3 per cent at 21 cents.
The retailer declared a final dividend of 11 cents a share.
Adairs has not yet provided guidance for the coming year.
Shares in Adairs (ASX:ADH) are trading 17.15 per cent higher at $3.21.
Copyright 2020 – Finance News Network
Source: Finance News Network
