Super Retail Group (ASX: SUL) released their half yearly results today, missing market expectations by approximately 8%. The company announced net profit rose 33.6% to $44.9 million in the six months to December 26. The company’s leisure business, which includes BCF and Ray’s Outdoors, reported a 40% fall in operating profit, highlighting the weak conditions and intense competition in that market. Shares in Super Retail Group closed down 18% for the week. We own Super Retail Group in the investment portfolio.
Established in 1997 by Geoff Wilson, we are an independently owned investment manager based in Sydney. Today, Wilson Asset Management is comprised of ten investment professionals who offer a combined investment experience of almost 100 years.