Vita’s Telstra shops drive 19% revenue rise

31/08/2016 09:35:00

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Brisbane-based, Vita Group (ASX:VTG), has reported a 19% lift in revenue to $645 million, as part of its full year results.

The company operates 100 Telstra-branded retail stores, and announced its net profit (after tax) was up 43% to $37 million in FY16.

Vita also declared its highest full-year, fully-franked dividend of 13.97 cents per share, which is up 75% compared to the previous year.

As for what was behind those results, Vita says was due to the continued growth of its Telstra store portfolio, and higher revenue from small to medium business and enterprise channels.