Ware

Warehouse Group
The prices of shares increased from 2.5 pershare to 2.7 on the 14th of march, the reason for the increase in price is due to the increase in revenue $937.941 million versus $907.950 million in 2011, an increase of 3.3 % with a Significant growth in Online sales of 63%, albeit from a low base. Auckland, 9 March 2012 – The board of The Warehouse Group today announced a net profit after tax of $54.0 million, up 3.3% compared to $52.3 million last year. Adjusted net profit after tax for the period was $46.7 million compared to $53.0 million last year, down 11.9%.
Group sales for the half year were $937.9 million, up 3.3% compared to the first half last year.
The Directors have declared an interim dividend of 13.5 cents per share, representing 90% of adjusted earnings, which is 2 cents less than last year’s interim dividend.Warehouse Stationery sales were $100.1 million up 2.1% compared to last year. Same store sales were up 2.2% for the half and up 3.9% for the second quarter. Operating profit for the half year was down 15.5% to $3.1 million. THe sales for technology and beauty products showed the most increase and are likely to increase in the future. The stock prices are likely to increases steadily in the future  but it wont reach its highest of around 3.7 dollars during the second quarter of 2011.