Aug 23 (Reuters) - Reject Shop Ltd :FY2017 sales up 1.2% to $794.0mln.FY2017 comparable store sales down 1.6% on prior year.FY NPAT of $12.3 million, a decrease of 27.8%.Expects to report an npat in range of $16 million-$17 million in first half of FY2018.
Reject Shop Ltd : Company expects to report a net operating loss in second half of year of at least $5 million . Challenging retail trading conditions continued, with all states experiencing negative comparable store growth in q3 . Given fall in projected earnings per share, and working capital requirements, company is unlikely to declare a final dividend. . Company is unlikely to declare a final dividend . Despite below expectation sales performance, company has been actively managing its inventory position through half. . Underlying customer numbers continue to be below same time as last year, resulting in negative underlying comparable sales of about 4% for half year to date . Sees full year net profit about $12.5 million .Promotional activity has not generated incremental foot traffic required to grow comparable sales.