Annual Report to Shareholders 2015
Annual Report 2015 Annual Report 2015 1 John Cheston Solomon Lew Mark McInnes Managing Director, Smiggle Chairman CEO Premier Retail FRONT COVER: International model and Brand Ambassador Portmans, Jessica Hart. Chairman’s Report The Directors of Premier Investments Limited (“Premier”) are pleased to submit to shareholders the Annual Report for the financial year ended 25 July 2015 which has again been a year of strong financial performance by your company. STRONG FINANCIAL PERFORMANCE In a year of many highlights, your Directors are pleased Premier reported consolidated underlying net profit to particularly note the following achievements for the before tax (NPBT) of $118.6 million, up 11.9% on the financial year: previous financial year despite increasing competition for » Peter Alexander sales increased by 14.9% to the consumer dollar and the impact of a weaker $140.5 million (up 40% in only two years) Australian Dollar. Premier’s reported net profit after tax » We opened 14 new Peter Alexander stores including (NPAT) of $88.1 million represents growth of 20.7% the Brisbane CBD flagship store compared with the previous financial year. » Smiggle achieved global sales of $132.6 million, up The Group consolidated result was underpinned by the 26% on financial year 2014 (second half up 36%) strong performance of our core operating business unit, » We opened 25 new Smiggle stores across Australia, Premier Retail. Under the leadership of Premier Retail New Zealand, United Kingdom and Singapore CEO, Mark McInnes, the 2015 financial year achieved including major new stores in internationally renowned record results in sales, margins and profit.
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