By Patrick Avenell
BRISBANE, QLD: Betta Electrical’s parent company, the BSR Group, has today announced a full year net profit of almost $400,000, up 7 per cent from its profit from the previous year.
For the year ending 31 March 2010, BSR Group registered a net profit after tax of $395,000, which surpassed the 2009 figure of $367,248 by almost $28,000. This positive outcome during a tumultuous trading year compares favourably to the misfortune of BSR’s competing appliance retailer, Clive Peeters, which was placed in receivership in May 2010.
In a statement to media, BSR general manager Ian Brown said controlling overheads was a decisive factor in this result.
“This sales growth has been achieved whilst overheads were controlled at previous financial year levels,” Brown said.
“BSR continues to review all costs, both fixed and variable, on an ongoing basis and the Group aims to maintain this level of income return for the foreseeable future.”
BSR further reported that total income for the 12 month review period was over $19 million.