PMV 1.75% $34.31 premier investments limited

News: Premier's profits rise

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    Premier Investments’ Limited (ASX:PMV) net profit has lifted to $174.5 million, but the group has warned of a challenging retail environment.


     


    The result was boosted by a one-off accounting reclassification gain of $105 million after tax.


     


    Revenue lifted 16.9 per cent to $1.02 billion, compared with $871 million in the previous corresponding period.


     


    The group will pay a final dividend of 19 cents per share, fully franked.


     


    Chairman Solomon Lew says the company remains focused on growing shareholder wealth through optimising its investments and seeking new opportunities.

 
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