Sydney - Tuesday - August 29: (RWE Australian Business News) -
Rebel Sport Ltd (ASX code: REB) lifted net profit 38.2 per cent to a
record $22 million in the 12 months ended July 1 from $15.92 million for
the previous year.
Sales revenue rose 17.1 per cent to $371.22 million from $316.9
million. On a same-store basis, sales increased 10.8 per cent.
Basic earnings per share were 28.00c, up from 20.66c.
Final dividend has been increased from 5c to 7.5c, fully
franked, payable on December 15 to shareholders registered November 24.
Total payout for the year is 15c, up from 10c.
During the year, Rebel Sport opened six new stores - in Midland
Gate and Rockingham (WA), Shepparton and Fountain Gate (VIC), Carindale
(QLD) and Mt Druitt (NSW).
The company closed one store in Darwin (NT) and relocated its
Campbelltown and Penrith (NSW) stores, bringing the total number of
Rebel Sport stores to 61.
Also, two new Glue stores were opened in Tuggerah (NSW),
bringing the total number of Glue stores to 10.
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"We have a very busy year ahead, with the opening of a further
two stores before Christmas and the continued refurbishment of existing
stores," managing director Mr Stephen Heath said.
"We anticipate that approximately six new stores will be opened
during the 2007 financial year," he said.
"Apart from expanding and improving our store network, we have
another exciting year ahead with this year's cricket Ashes Series being
played in Australia, and the Socceroos playing home games before
Christmas.
"We believe that the momentum of the Soccer World Cup and the
popularity of the Socceroos will result in inevitable growth in support
of the local Soccer A-League, as well as ensuring that sport maintains a
large share of the media spotlight and therefore consumer interest."
REB
rebel sport limited
