Funtastic lifts full-year profit
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Funtastic (FUN) is confident of delivering a lift in earnings per share in the year ahead as its continues to enjoy growth outside Australia, after posting an increase in full-year profit.
In the year to July 31, Funtastic posted a net profit of $13.96 million, a 33.8% increase on the $10.44 million recorded in the previous year.
In the same period revenue was $166.55 million, a slight 2.4% decrease on $170.69 million in 2012.
Funtastic will pay a fully-franked final dividend of 0.5 cents on November 27 to shareholders on the register as at November 20.
Combined with its interim dividend, also of 0.5 cents, Funtastic's total dividend for the year came to a fully-franked one cent.
Funtastic chief executive officer Stewart Downs said he was pleased to report improved earnings, given the difficult retail conditions and despite some sales declines domestically.
"Both our domestic businesses, Funtastic Australia and Madman Entertainment, have become solid and reliable contributors and we are excited by our Funtastic brands growth," he said.
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