Premier Investments announced 1HFY23 results

Premier Investments Limited (ASX: PMV) announced its 1HFY23 results as follows:

• The company reported its statutory 1HFY23 NPAT of AU$174.3 million, a 6.5% increase over 1HFY22 and a 75.0% increase over 'pre-COVID' 1HFY20.
• Interim fully franked ordinary dividend of 54 cps and special fully franked dividend of 16 cps, up 52.2% on 1HFY22 and 105.9% on 1HFY20.
• Its 1HFY23 closing cash on hand of AU$470.4 million, following the distribution of AU$125.8 million in fully franked dividends to shareholders during the previous six months.
• Premier Retail reported global sales of AU$905.2 million for the first half, increasing 17.6% from 1HFY22 and 23.7% from 1HFY20.
• The company's retail division's gross profit was AU$576.2 million, increasing 25.8% from 1HFY20 and 13.6% from 1HFY22. In terms of EBIT, the company generated a record AU$221.8 million.

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