CORRECT Kathmandu lifts 1H profit by as much as 75 percent on Australian sales growth

Thu, 31 Jan 2013

(Fixes number of stores to be opened in second half in 8th graph. Updates share price in 1st and 4th graphs.) Feb. 1 (BusinessDesk) - Kathmandu, the outdoor equipment retail chain, boosted first-half profit by as much as 75 percent on the strength of sales across the Tasman. The shares climbed to a 13-month high. Net profit was between $9.5 million and $10.5 million in the six months ended Jan. 27, compared to $6 million a year earlier, the retailer said in a statement. That came from a 13 percent increase in sales to $165.8 million, and was...

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