Briscoe Group Maintains Dividend Amidst Profit Dip

Briscoe Group Limited (DE:BWU) has released an update.

Briscoe Group Limited reported a marginal revenue increase to $372.08 million, up by 0.77%, and a net profit after tax of $33.21 million for the half-year, which after adjusting for a one-off tax change, amounts to $40.58 million, down 5.07%. Despite the challenging market, they maintained an interim dividend of 12.50 cents per share and highlighted a robust online sales component and a significant reduction in total inventory levels.

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