Sydney - Tuesday - August 15: (RWE Aust Business News) - David Jones Ltd (ASX:DJS) expects to continue delivering profit and dividend growth in line with its previously stated guidance of 5-10 per cent per annum in FY07 and FY08. It has reported sales revenue of $454.6 million for the fourth quarter of the 2006 financial year, being the period April 30 to July 29 2006. This represents 5.4pc growth on the prior corresponding quarter's revenue of $431.4m. Sales for the second half of FY06 grew 4.4pc to $857.3m, from $821.4m in the prior corresponding half. Sales for the full year grew 1.2pc on last year ($1.82bn in FY06 versus $1.8bn in FY05). "We were delighted with our 4Q06 sales performance," chief executive Mark McInness said. "Our sales this quarter were stronger than expected and this was a key driver for the increased PAT growth guidance we announced on 27 July 2006. "Our sales this quarter was the result of a strong performance across all categories including our Womens, Mens and Childrens Apparel, Footwear, Accessories, Cosmetics, Homewares and Home Entertainment. "We also performed well across all states, with Western Australia being the standout performer." He said, on an AIFRS basis, the net profit guidance for the second half is $24.5m-$26.5m. David Jones shares last traded at $3.29
DJS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
