Shaver Shop has disclosed a final fiscal year net profit after tax attributable of A$16.8 million, representing a rise of 0.8%.

In addition, the company declared a 2023 final dividend of 5.5 AU cents per share.

The company’s revenue from ordinary activities increased by 0.8% to total A$224.5 million.

Shaver Shop noted that it was maintaining strong trading results from Q1 FY2023 where sales surged up 17.5% compared to Q1 FY2022.

However, the company deemed it unsuitable to provide sales or profit guidance for FY2024 at this moment.

The company also expressed plans to carry out store refurbishments which are expected to result in a net capital expenditure of A$2 million to A$3 million in FY2024.

Shaver Shop (ASX:SSG) is a retailer specializing in male and female personal grooming products and appliances.