Fantastic unveils special dividend after 43pc profit rebound
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Discount furniture retailer Fantastic Holdings has rewarded shareholders with a 4 cents-a-share special dividend and doubled its interim payout after net profit rebounded 43 percent to AUD6.9 million (USD5.4m) in the December half.
Total sales in the six months to December rose 8.7 percent to AUD244.3 million, with like-for-like sales up 8.7 percent, and earnings before interest and tax rose 41.8 percent to AUD10.2 million.
The net profit came in slightly ahead of forecasts of around AUD6.5 million.
Questions & Answers
Q.What was the total net profit for Fantastic Holdings in the December half?
What was the total net profit for Fantastic Holdings in the December half?
Fantastic Holdings reported a net profit of AUD6.9 million for the December half. This figure was slightly higher than the anticipated forecast of approximately AUD6.5 million.
Q.How much did Fantastic Holdings' total sales increase during the six months to December?
How much did Fantastic Holdings' total sales increase during the six months to December?
Total sales for Fantastic Holdings increased by 8.7 percent in the six months ending December. This brought their total sales figure to AUD244.3 million for the period.
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