Fantastic unveils special dividend after 43pc profit rebound

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.