Record result: For FY17, RCG Corporation Ltd (ASX: RCG) reported a record annual profit with underlying EBITDA rising 30% to $78.3 million. Underlying Net Profit After Tax rose 21% to $39.9 million, with underlying diluted Earnings Per Share increasing 7% to 7.48 cents. The company has completed the acquisition of Hype DC and fully integrated it into operating structure. In addition, RCG has opened more than 50 new stores, commenced the rollout of the TAF performance store format, and delivered three new, best-of-breed eCommerce sites.Accent delivered $67.1 million of underlying EBITDA, an increase of 57% on the prior year, while retail sales for the year rose 59% to $512.5 million and wholesale were down 4% at $77.4 million. RCG stock price surged over 6% at the back of the result announced on August 28, 2017.
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