Beacon Lighting expects improved sales and profits in the current financial year, after making a bright start to trading.
"Company store comparative sales have made a positive start to the year," Beacon said in a presentation to shareholders at its annual general meeting on Tuesday.
"Beacon Lighting expects the current growth strategies to continue to drive improved sales and profits in FY2016 (2015/16 financial year)."
Beacon said general market conditions were supportive of the company.
Part of Beacon's growth strategy is to acquire Beacon Lighting franchise stores as they become available, and to consider further acquisitions of existing lighting retail stores throughout Australia.
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Beacon acquired two franchise stores at Essendon and Watergardens in Victoria in September 2015.
Beacon will open five new stores in Queensland, Victoria and the ACT this financial year.
The company has also opened a new sales channel through ebay.com.au in July 2015, and a distribution agreement for GE Globes started operation in September 2015.
Beacon generated record sales and profit in fiscal 2015.
Net profit lifted 43.6 per cent to $16.9 million.
Company store comparative sales increased by 10.4 per cent.
Beacon shares were 0.5 cents lower at $1.795 at the close.
