Shares in Briscoe Group were the biggest gainer on the New Zealand stock exchange after the retailer posted a record annual profit in a “rollercoaster” year as online sales surged during the Covid-19 pandemic. The company’s online sales surged 80 per cent to make up 18.8 per cent of sales, from 11.3 per cent the previous year. READ MORE:* Briscoe expects record annual profit after demand surged following lockdown* Briscoe third-quarter sales rise 15%; retailer upbeat heading into Christmas* 'Unparalleled demand' delivers strong result for Briscoes“We are pleased to announce record sales and profit for Briscoe Group in a year truly like no other,” managing director Rod Duke said. Briscoe Group’s gross profit margin lifted to 43.76 per cent, from 39.43 per cent the previous year. Briscoe Group will pay shareholders a final dividend of 13.5 cents on March 31, taking the total dividend for the year to 28.5c.

Source: Stuff March 16, 2021 00:19 UTC