One of the best results from BRG in some time.
North America and Rest of World EBIT growing at 40% and 28% repsectively.
When these tow segments were smaller than the mature Australasian segment, this prolific growth wasn't noticeable in the group P&L.
But now that NA and RoW together account for 40% more Revenue than Australasia, it starts to become a driver of group profitability.
Once the Australasian business is stabilised (which look to be starting) underlying earnings growth will accelerate dramatically.
Ann: Half Year Ended 31 December 2015 - Investor Presentation, page-2
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$33.00 |
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