Step One Clothing Limited (ASX:STP) Reports Strong Half-Year Results
Financial Performance
Step One Clothing Limited reported a 6.8% increase in revenue, reaching $48.1 million for the half-year ended 31 December 2024. Profit after tax attributable to owners rose by 15.1% to $8.18 million. EBITDA improved by 10.4% to $11.18 million, despite a slight decrease in gross margin to 77.9%.
Dividend Announcement
Step One Clothing declared a dividend of 2.8 cents per ordinary share for the year ended 30 June 2024, paid in September 2024, down from 5.0 cents in the previous year.
Operational Highlights
Cash and cash equivalents increased to $43.77 million from $38.95 million, maintaining a strong financial position with no debt. The Group attracted over 8.1 million website visits and achieved a high customer retention rate of 68.6%.
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