Briscoe Group's revenue has stayed virtually flat - with profit taking a hit

Total revenue for the owner of Briscoe Homeware and Rebel Sport decreased 0.06 percent - to 791.5 million dollars - for the year to January.

It's reporting net after-tax profit of 60.6 million, dropping 38.9 percent on the year before.

Managing director, Rod Duke, says near identical sales in the current retail industry - is a terrific achievement.