Sharechat Logo

Kathmandu reports good December, forecasts profit lift

Wednesday 19th January 2011

Text too small?

Kathmandu Holdings is forecasting a lift in its performance for the half year to the end of January.

It made the announcement shortly before the sharemarket opened today, and its shares surged 9c, or 5%, to $1.89 in early trading.

The company said group sales would be between $124 million and $126 million, which was between 16.3% and 18.2% up on the previous comparative period. Same store sales increases would be between 8.9% and 10.3%.

Earnings before interest and tax would be 20% to 26% higher, ranging from $18.5 million to $19.55million.

Kathmandu chief executive Peter Halkett said a strong sales performance in December and so far in January in both Australia and this country, coupled with improved gross margins were the primary reasons for the year-on-year increase.

The overall profit result for the full year would remain dependent on second half year trading, when historically about 60% of Kathmandu's full year's sales were made.

 

NZPA



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

CDC Independent Valuation - 30 June 2025
TruScreen Group Limited SPP Update
THL provides updated guidance
CEN - Greymouth gas deal
July 4th Morning Report
July 3rd Morning Report
ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report