Business
Spotlight on the Beacon (ASX:BLX) share price after a shining result
The Beacon Lighting Group Ltd (ASX: BLX) share price will be under the spotlight today after reporting a bright set of numbers.
Beacon is Australia’s biggest lighting retail business that has been operating for over 50 years. It sells lighting, ceiling fans and light globes. The company has 116 stores across the country.
Beacon Lighting’s shining FY21 half-year result
The lighting business reported that its sales increased by 23% to $151.3 million. The gross profit increased by 35% to $103.6 million thanks to the revenue growth and an increase of the gross profit margin of 6.1 percentage points to 68.5%. Less discounting helped support the gross margin.
Company store comparable sales increased by 24.9% and online sales grew…
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