Adairs (ASX:ADH) profit increases 19% for year

Adairs (ASX:ADH) profit increases 19% for year


Bedding company Adairs (ASX:ADH) reports a 19 per cent lift in FY2020 net profit after tax of $35.3 million compared to a year ago.

Group sales increased 12.9 per cent to $388.9 million.

EBIT rose 35.6 per cent to $59 million and earnings per share were up 17.3 per cent at 21 cents.

The retailer declared a final dividend of 11 cents a share.

Adairs has not yet provided guidance for the coming year.

Shares in Adairs (ASX:ADH) are trading 17.15 per cent higher at $3.21.
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Source: Finance News Network

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