It has appeared that the net profit by homeware and sports retailer Briscoes Group has been revised for the half year to July.

Now, a net profit after tax of $6.5 million is being predicted by Briscoes, which is $500,000 more than the forecast at the end of July.

It should be noted that a hike will be seen in the forecast profit by nearly 110% from the $3.1 million reported during the same period last year.

According to Briscoes, it has made available for $820,000 of impairment adjustments resulting from four underperforming stores, but it does admit that healthy trading is being done by other stores in the group, even amidst the current tough trading conditions.

According to group managing director Rod Duke, "While we are optimistic that our second half performance will exceed the $8.5 million NPAT achieved for last year, it would be premature and over-optimistic to expect the same level of increase as achieved for the first half of this year."

The group also specified in its update the settlement of the purchase of a property, earlier occupied by The Warehouse, in Palmerston North.

The relocation of it existing Briscoes and Rebel Sports in Palmerston North will be done via a site. However, date has not been issued as of now.