WELLINGTON Feb 1 New Zealand retailer Briscoe
Group expects profits to rise at least 9 percent for
the current financial year, thanks to strong sales over the
Christmas period and a boost in business at its sporting goods
shops after the 2011 Rugby World Cup.
The company, which also operates a chain of homewares shops,
said unaudited sales between Jan. 30, 2012, and Jan. 27 this
year totalled NZ$452.7 million ($380.43 million), an increase of
3.35 percent from the same period last year.
"We now expect the Group's reported full year tax paid group
profit to exceed NZ$30.0 million," managing director Rod Duke
said in a statement.
"This would represent an increase of at least 9 percent over
last year's NZ$27.53 million."
Briscoe will reports its final full-year results on March
($1 = 1.1900 New Zealand dollars)