Fantastic Holdings $13.5m Profit 1H2013

Furniture retailer Fantastic (ASX:FAN) has reported its first half financial results to its shareholders and investors on the Australian stock market.

• Fantastic Holdings Net Profit $13.5 million for the half year, up 2.2 percent.
• Fantastic Holdings Like-For-Like sales (comparative stores) up 1.8 percent. Revenue of $233.4 million, an increase of 2.5 per cent.
• RAN reported Earnings before interest, tax, depreciation and amortisation (EBITDA) of $21.3 million, up 3.1 percent.
• Fantastic Holdings managing director Julian Tertini said, "We were able to deliver an increase in profit after tax in what remains a very subdued market."
• Fantastic Holdings has 134 stores nationally. During the period it had opened two new stores and closed one.
• Fantastic Holdings owns Fantastic Furniture, Plush, OMF, Dare Gallery, and Le Cornu.
• Fantastic holdings has declared a fully-franked interim dividend of 7.5 cents per share, up 1 cent on the prior corresponding period.