Watch FIFA World Cup 2026™ LIVE, FREE and EXCLUSIVE

Beacon Lighting profit up 22pct

Beacon Lighting's first half sales have increased 11.7 per cent with solid same store sales growth driving profit up to $11.1 million.

Beacon Lighting's profit has risen 22 per cent to $11.1 million for the half year.

The lighting retailer says same store sales growth of 5.1 per cent in the six months to December 27 and reduced operating costs were behind the result, with strongest growth from its Queensland and New South Wales' stores.

However, same store sales grew at a slower pace compared to the 2015/16 first half growth of 11.7 per cent.

Total sales increased 8.5 per cent to $98.5 million thanks to new store openings and franchised store acquisitions, and operating costs dropped by 0.5 per cent as a percentage of sales.

Beacon Lighting says it introduced 205 new fashion, on-trend and technologically advanced products in the half and it expects continual sales growth in the second half.

The company is also on the hunt for acquisitions.

Shares in Beacon Lighting were down 2.5 cents at $1.97 at 1445 AEDT.


1 min read

Published

Updated

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Watch now

Watch the latest news videos from Australia and across the world