Shares of appliance maker, Breville Group Ltd (ASX: BRG), today shrugged off concerns of a falling market, rising 3.3% by day's end.
Breville's shares jumped to $6.92 this afternoon on the back of the release of its 2015 annual report earlier in the day.
Here are five key takeaways from the announcement:
- Revenue totalled $527 million, down 2.7% over the prior year
- Net profit after tax came in at $46.7 million, down 4.3%
- Its dividend of 13 cents per share was maintained
- The standout market was North America, where profits before interest and tax (EBIT) climbed 5.9% to $31.9 million
- Meanwhile, EBIT from Australia and New Zealand fell 26%
"It is pleasing to see the improved second half performance and we expect that this positive momentum in core categories will flow through to FY16," recently appointed CEO, Jim Clayton, said.
The company didn't provide any specific profit guidance for the coming financial year but said it has in place the building blocks to tackle future growth opportunities as they arise.
Indeed, with a growing international presence, new CEO at the helm, a low P/E ratio and 4% dividend yield, Breville shares are worthy of a spot on yield-hungry investors' watchlists.
