Overall a pretty strong result in current environment. 15% Revenue growth but margins squeezed a little due to freight costs. Core brands performing really well. Hard goods slowed but slowdown will be offset by growth in other segments.
Working in clearing high levels of inventory. Due mostly to inventory build due to shipping issues and some cancelled orders.
Spent 4 mil on a new building in Melbourne to support growth.
These guys are very conservative so using cash to buy a building and increase the Div to 16 cents fully franked is a sign of confidence in the business going forward. All in all a very strong result.
Ann: COMPANY ANNOUNCEMENT - HALF YEAR RESULTS 31 DEC 2021, page-2
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