CORRECT Hallenstein says FY profit rose as much as 14 percent on sales growth, insurance

Mon, 20 Aug 2012

(Corrects to add million to sales figure in second paragraph) Aug. 20 (BusinessDesk) - Hallenstein Glasson Holdings, the clothing chain, said full-year earnings rose as much as 14 percent on increased sales and the contribution from insurance relating to the Christchurch earthquakes. Profit in the 12 months ended Aug. 1 was between $20.4 million and $20.8 million, from $18.3 million a year earlier, the Auckland-based company said in a statement. Sales rose 4.9 percent to $215.6 million. The retailer plans to release its full results for the...

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