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Premier Investments Limited (ASX:PMV) has posted a 49 per cent fall in its full year net profit, but reaffirmed its guidance for the year ahead.
In the 2011 financial year the retailer booked a net profit of $40.5 million. Underlying profit came in at $73.3 million.
Premier says its result reflects a challenging retail environment and its recently announced strategic review after which Premier took an $11 million hit from one-off costs.
Premier Retail CEO, Mark McInnes, has warned that the first six weeks of the season have been very challenging.
Premier Retail is targeting earnings before interest and tax of between $80 million to $95 million in the 2012 financial year.
A fully franked final dividend of 18 cents has been declared.
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Last
$22.70 |
Change
0.290(1.29%) |
Mkt cap ! $3.629B | |||
| Open | High | Low | Value | Volume |
| $22.62 | $22.92 | $22.51 | $21.70M | 957.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7592 | $22.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.70 | 40418 | 2 |
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| Last trade - 16.19pm 21/08/2025 (20 minute delay) ? |
| PMV (ASX) Chart |