Hallenstein Glasson Holdings Limited (NZX: HLG) releases Annual Report

Friday 30th October 2020

Chairman’s Report

The Company advises that Group sales for the 12 months to 1 August 2020 were $287.76 million which were +0.1% up on the prior year ($287.55 million). The audited net profit after tax for the 12 months was $27.77 million, a decrease of 4.29% on the prior corresponding period ($29.02 million). Overall sales were maintained in an extremely challenging environment, predominantly due to the increased level of online sales from April 2020 onwards.

During the last six months stores in both New Zealand and Australia were closed on 26 March with New Zealand stores opening on 14 May and Australian stores opening during May. The web shops in New Zealand for both brands were closed from 26 March 2020 but did reopen to sell essential products from 4 April and then all product from 27 April.

See the link below for more details:

HLG Annual Report for the year ended 1 August 2020

Source: Hallenstein Glasson Holdings Limited

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