Business
3 ASX shares that doubled their profit in reporting season
Reporting season is now over. There were some ASX shares that were able to double their profit year on year.
It has been quite a stunning 12 months. COVID-19 has really hurt some industries like airlines and travel, whereas other companies have seen high levels of growth.
The below three businesses were all able to (at least) double their profit compared to the prior corresponding period:
The home furnishings business was able to report that it delivered record sales and profitability despite 43 Melbourne stores being closed for half the period. Sales and underlying earnings before interest and tax (EBIT) exceeded the December 2020 guidance after adjusting for the $6.1 million repayment of the jobkeeper wage subsidy.
The ASX share…
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