Leisure and sports retailer Super Retail Group has confirmed a stellar profit rise for the 2013 fiscal half-year.
The group, parent company to sportswear chain Rebel, reported a net profit after tax up 73.5 per cent to $60.61 million for the half-year ended December 29, 2012.
Revenues from ordinary activities were $1.04 billion, up 36.6 per cent from the same period last year.
By category, the leisure retailing division had sales of $283.9 million which were 14.9 per cent higher than the comparative period as a result of new store openings. The sports retailing division recorded sales of $352.4 million.
Super Retail Group managing director Peter Birtles said the results were attributable to the group's “market leading position in a variety of leisure related retail categories”.
Birtles also attested to the group's continued commitment to introducing new products, improving store presentation, supply chain and inventory management and engaging team members.
“The sales and margin performance in each of the Supercheap Auto, BCF, Rebel and Amart businesses has continued to be very pleasing and the Ray's Outdoors business has delivered a strong improvement when compared to the prior comparative period,” he said.
“We have experienced very pleasing like-for-like sales growth in our Fishing Camping Outdoors business and early signs from the Goldcross Cycles store within a store trial are positive but both these businesses continue to incur losses with additional costs incurred in restructuring the cycles business.”