NewsBite

House price rise the next plus for Beacon Lighting

Simon Evans

Key Points

  • Revenue ($m): 151.3 v year-earlier 123
  • Pre-tax profit ($m): 31.8 v 18.1
  • Net profit ($m): 22.2 v 12.7
  • Interim dividend: 4.2c, payable March 12

The chief executive of lights, lamps and ceiling fans retailer Beacon Lighting says rising house prices in Australia should help push sales higher and add extra momentum to the big re-direction of spending to mini-renovations which has been under way for months.

Beacon more than doubled profits in the December half as people spruced up their homes with the extra cash that would have usually been directed to travel and eating out in the COVID-19 pandemic.

Loading...
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

Read More

Latest In Retail

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/retail/house-price-rise-the-next-plus-for-beacon-lighting-20210218-p573kv