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Beacon Lighting Group Limited

( ASX:BLX ) - Retailing

News

Beacon Lighting Justifies Early Promise

The strong share price performance by Beacon Lighting Group since its IPO two years ago seems justified with the company achieving record sales and a record profit for the December half year. Sales revenue was $98.5 million, up $7.7 million or 8.5 per cent on the December 2014 half. The net profit was $11.1 million, up $2 million or 22 per cent.

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Analyst Views

BLX – Morgans rates the stock as Add

The broker has pulled back its earnings forecasts for Beacon because retail is quite simply very tough at present. The company’s offshore exposure and other segments, such as street lighting, provide some diversity but there’s also evidence of Master’s exit having provided a short term boost.

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