Wednesday 5th December 2012
|Text too small?|
Hallenstein Glasson Holdings, the clothing chain, said sales in the first four months of the year are up 7 percent and profit is ahead of the same period last year.
"While this is a good start, the success of the first half of our financial year hinges on our December trade," chairman Warren Bell told shareholders at their annual meeting today. "We are well positioned and will make every endeavour to ensure we enjoy strong trade over this all-important trading period.
In September, the Auckland-based company posted a 15 percent to $21 million, exceeding its own guidance.
The shares rose 0.2 percent to $5.09 on the NZX today and have soared 45 percent this year. The shares are rated a 'hold' based on the consensus of five analysts polled by Reuters with a price target of $4.60.
No comments yet
Hallenstein shares fall as margin squeeze pushes annual earnings near bottom of guidance
Hallenstein annual profit falls 11 percent as Glasson margins come under pressure
While you were sleeping Wall Street, Wal-Mart drop
Hallenstein forecasts up to 12 percent drop in FY profit after slow start to winter
Hallenstein Glasson lifts 1H profit 15 percent, sales lag as weather stays warm
Hallenstein Glasson 1H profit climbs 15 percent on 'robust' NZ sales
Hallenstein says FY profit rose as much as 14% on sales, insurance
Hallenstein Glasson 1H profit rises 27%
Hallenstein Glasson Holdings
Hallenstein Glasson expecting a better first-half