Thursday 25th February 2021 |
Text too small? |
The Warehouse Group has today updated its guidance for its half year result. On 8 January the Group stated that it expected Adjusted Net Profit After Tax (Adjusted NPAT) for the half year ended 31 January 2021 to exceed $90m, before accounting for the impact of repaying the wage subsidy.
Revised guidance is that H1 FY21 Adjusted NPAT will exceed $110m, compared to a figure of $46.2m in H1 FY20. The half year result is still subject to the finalisation of audit review.
Group CEO, Nick Grayston says, “Strong trading over the January period, combined with excellent operational performance and cost management, has delivered an improved result.”
The Group’s trading gross margin will be up circa 185 basis points versus prior guidance of 170 basis points and closing cash was $183m versus FY20 year-end position of $168m.
Please see the link below for details:
The Warehouse Group - Trading Update
Source: The Warehouse Group Limited
No comments yet
Fonterra appoints permanent COO
Manawa Energy FY24 Annual Results & Webcast Details
Seeka Provides the Results of Meeting - ASM
April 19th Morning Report
PGW Guidance Update
CNU - Commerce Commission releases draft expenditure decision
Spark announces departure of Product Director
TGG - T&G appoints new Director
April 18th Morning Report
SKC - APPOINTMENT OF CHIEF EXECUTIVE OFFICER