Briscoe Group boss Rod Duke says the company is on track to beat the record annual profit of $27.53 million it posted in its past financial year.
As many retailers struggle amid tough trading conditions, the Auckland-based firm - which operates Briscoes, Living & Giving and Rebel Sport stores - yesterday posted a solid interim result.
Net profit after tax of $13.28 million for the half-year to July 29 was 28.6 per cent up on the comparable period last year, the company said.
Sales reached $204.73 million, compared with $194.10 million in the previous half-year, while earnings before interest and tax climbed 28.87 per cent to $17.47 million.
The company said it would pay an interim dividend of 4c a share - which represented 64 per cent of the group's net profit - up from 3.5c a share in the first half of its previous financial year.