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Premier's net profit up slightly to $71.9m

Premier Investments, business veteran Solomon Lew's retail group, has posted a slight rise in half-year net profit of $71.9 million.

The group, which includes stationery chain Smiggle and sleepwear chain Peter Alexander, reported total sales revenue growth of 7.1 per cent to $588.6 million for the six months to January 28 from a year earlier.

Premier's first-half underlying earnings rose 10.6 per cent to $93 million, matching the guidance issued in January, while the company raised interim dividend by 13 per cent to 26 cents a share.