Hallenstein Glasson annual profit lifts about 25% as sales gain 7%

Thu, 10 Aug 2017

By Tina Morrison Aug. 11 (BusinessDesk) - Hallenstein Glasson Holding, the clothing retailer, posted a 7 percent increase in annual sales and said profit was about 25 percent higher than the previous year. Sales rose to $239 million in the 12 months ended Aug. 1, from $223.5 million a year earlier, the Auckland-based retailer said in a statement. Net profit was between $17 million and $17.5 million, ahead of $13.7 million the prior year, it said. The company will release its full profit details on Sept. 28. The retailer's fortunes are...

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