Business
2 excellent ASX growth shares tipped as buys
If you’re wanting to boost your portfolio with a couple of growth shares, then you may want to consider the ones listed below.
Here’s why these ASX growth shares have been rated as buys:
The first ASX growth share to look at is Breville. The appliance manufacturer has been growing at a solid rate in recent years thanks to its international expansion.
This has been supported by favourable tailwinds brought about by COVID-19 such as more cooking and working at home. This has led to an increase in demand for whitegoods such as cooking equipment and coffee machines.
During the first half of FY 2021, Breville reported a 28.8% increase in revenue to $711 million and a 29.2% increase in net profit after tax to $64.2 million.
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