ASX:BLXSpecialty Retail
Beacon Lighting Group (ASX:BLX) Shares Reflect Trade Growth And Thinner Margins
Beacon Lighting Group stock has climbed about 26% over the past three months and went into this result with a P/E of 16.7x that already sat slightly above the Oceanic specialty retail pack. The headline from these numbers is simple. Revenue edged to A$342.3m while underlying net profit after tax slipped to A$28.1m and net margin eased to 7.9% compared with 8.9% a year earlier.
The short term read is a retailer paying up on the income statement to keep stores busy and trade volumes growing...