Brisocoe Group: 1st Quarter Sales to 30 April 2005

1st Quarter Sales to 30 April 2005

The directors of Briscoe Group Limited announce that unaudited sales for the three months ended 30 April 2005 were $74.6 million, being 10.83% higher than the $67.3 million reported for the same quarter of last year.

After adjusting for new stores opened since April 2004, on a same store basis the Group’s sales for the quarter were 5.76% ahead of the first quarter for last year.

Gross profit margin, in terms of both percentage and dollar contribution, is satisfactorily ahead of that generated for the first quarter of last year.

Briscoes Homeware sales increased by 7.81% to $48.7 million, while Rebel Sport sales increased by 17.02% to $25.8 million. On a same store basis, Briscoes Homeware sales increased by 3.94% for the quarter while Rebel Sport sales were 9.35% ahead of last year.

Deputy Managing Director Alaister Wall said, “Briscoe Group has made a very pleasing start to the new year with both sales and gross profit continuing the strong finish made through the end of the last financial year.

ENDS

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