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ASX ANNOUNCEMENT For Immediate Release SHAVER SHOP 102 % ONLINE SALES GROWTH DRIVES RECORD FIRST HALF SALES AND PROFITS Melbourne , Friday , 19 February 2020 - Shaver Shop Group Limited ( ASX : SSG ) , the Australian specialty retailer of male and female personal grooming and beauty products , is pleased to announce its financial results for the half - year ended 31 December 2020 ( H1 FY2021 ) . Shaver Shop has maintained its strong trading momentum from the last four halves to deliver another record breaking half for the Company . H1 FY2021 results highlights ( vs H1 FY2020 ) • Total sales up 15.0 % to $ 123.6 million о О о Like for like sales up 17.3 % ( including online sales and Victorian store sales during Q1 shutdown ) 24 months of consecutive LFL sales growth Corporate store online sales up 102.0 % to $ 37.6 million ( 30.4 % of total corporate store sales ) Gross profit margin up 340bps to 44.7 % • NPAT up 85.5 % to $ 14.2 million ( H1 FY2020 - $ 7.6 million ) • EPS up 85.4 % to 11.6 cents per share ( H1 FY2020 - 6.3 cents ) • • • Operating cash flow up 41.7 % to $ 41.5 million Strong balance sheet with excellent liquidity ; $ 41.1 million cash , no debt and $ 30 million debt facility headroom ( 30 June 2020 - net cash of $ 12.6 million ) Interim dividend up 52.4 % to 3.2 cents per share , 100 % franked ( H1 FY2020 : 2.1 cps , 80 % franked ) Shaver Shop was not eligible for , and did not receive any , Jobkeeper payments . Shaver Shop's Managing Director and CEO , Cameron Fox said : " This is an outstanding first half result , which is a record for Shaver Shop and shows the overwhelming success of our online strategy . It also highlights that we are now a successful omni - retailer , given the ongoing performance of our stores . Online sales doubled in the first half while we continued to deliver exceptional levels of in - store customer service . I am extremely proud of our store teams who once again showed why they are the best personal care retailers across Australia and New Zealand . " Mr Fox continued : " Shaver Shop is in the strongest shape it has ever been in . We have strong cash flow , $ 41.1 million cash and zero debt , and for our shareholders we have now delivered 24 months of consecutive like for like sales growth . So , whilst we are very proud of our first half results , we are even more pleased in our ability to deliver ongoing sales growth each month for the past two years . " Strong sales growth supported by 340bps gross margin expansion Shaver Shop's H1 FY2021 sales increased 15.0 % to $ 123.6 million with online sales now representing more than 30 % of total sales . Sales growth ( in $ terms ) was strongest across the Company's higher margin , hair cutting categories as customers continued to purchase beard trimmers , hair clippers and body groomers in record numbers . Shaver Shop Group Limited ( ACN 150 747 649 ) Level 1 , Chadstone Tower One , 1341 Dandenong Road , Chadstone , VIC , 3149 1