Dick Smith Holdings (DSH), the major retailer of consumer electronics with the largest by store footprint in Australia and New Zealand reported FY2014 retail sales that positioned the Company in the top three with revenues exceeding $1.2 billion. DSH reported strong results for the half-year ended 28 December 2014 on the back of its growth strategy which showed accelerating momentum. Total sales at $ 693.8 million compared to $ 637 million in the previous half year grew by 8.9% while growth in comparable sales was 2% and particularly impressive in Australia where the figure was 4%. EBITDA grew by 7.1% ($ 44.7 million in this half-year compared to $ 41.7 million in the previous half year) and the jump at 16.1% was noteworthy in the case of Australia. The NPAT of $ 25.2 million grew by 0.8% compared to $ 25 million in the previous half year. The interim dividend payable on 30 April 2015 is of the order of $ 0.07 per share. The dividend came to around 66% of NPAT which is in line with the overall corporate sector of keeping dividend payouts in the range of 60% to 70%. The Company aims at achieving the goal of 400 new stores in FY15 and 11 stores have already been opened in 1HFY15.
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