David Jones

David Jones reports H1 profit up 10.2%

David Jones Store

David Jones Ltd, the department store chain, released its first half results today. The retailer posted a 10.2% increase in its net income in the first half. The excellent results for the first six months of the year were mainly attributable to the heavy promotional activity and discounting by retailers.

The retailer also said that it expects a slowdown in second half of the fiscal despite the excellent first half.