Hallenstein Glasson 1H profit climbs 15 percent on 'robust' NZ sales

Thu, 14 Feb 2013

Feb. 15 (BusinessDesk) - Hallenstein Glasson, which runs the clothing chains that make up its name, lifted first-half profit 15 percent with a "robust" sales period in New Zealand. The Auckland-based company said net profit will be between $10.3 million and $10.5 million in the six months ended Feb. 1, from $9 million a year earlier. That's just ahead of Forsyth Barr's forecast of $10 million for reported profit. Sales rose 6.6 percent to $115.7 million, slowing from the 7 percent pace touted after four months. "Sales over the critical Dec...

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