Covid wipes $135 million from Kathmandu revenue

Wed, 23 Sep 2020

Kathmandu Holdings says covid-19 store closures and the pandemic's impact on retail sales cost it about $135 million in lost revenue in the past year.The outdoor clothing and equipment retailer reported an underlying net profit of $31.5 million for the year ended July 31, down 44 percent from a year earlier. Statutory net profit was $8.9 million, which included an $18 million one-off transaction cost and $4.6 million in restructuring costs.Earnings before interest, tax, depreciation, and amortisation were down 15.3 percent to $83.4 million....

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