4 ASX Stocks that roared high – Super Retail Group, Nanosonics, Medibank Private and Qantas
Robust performance across business segments: For FY17, Super Retail Group Ltd (ASX: SUL) has posted 25% yoy (year on year) increase in Normalised Net Profit After Tax (NPAT) at $135.8 million, and 18.3% yoy growth in Earnings Before Interest and Tax (EBIT) at $207.3 million. Additionally, reported NPAT includes non-cash transformation costs of $34.0 million associated with the merging of the Rebel and Amart Sports businesses. Robust performance is driven by strong contribution from all divisions with Auto, Leisure and Sports Segments’ EBIT growth of 6.1%, 36.6% and 17.4%, respectively. All three divisions generated an increase in EBIT margins driven by solid like for like sales growth, improvement in gross margin and control of operating costs. Moreover, the transformation initiatives undertaken during the last two years have contributed to the strong results, with the significant improvement in performance in the Leisure Division and the elimination of losses in the Infinite Retail business in the Sports Division. Operating cash flow increased by $75.3 million to $234.5 million during the period.
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