Hallenstein Glasson lifts 1H profit 15 percent, sales lag as weather stays warm

Tue, 26 Mar 2013

By Paul McBeth March 27 (BusinessDesk) - Hallentein Glasson, which runs the clothing chains for which it's named, lifted first-half profit 15 percent to meet the bottom of its own forecast range, and has struggled to gain traction due to unseasonally warm weather. Net profit rose to $10.3 million, or 17.39 cents per share, in the six months ended Feb. 1, from $9.8 million, or 15.14 cents, a year earlier, the Auckland-based company said in a statement. That was at the bottom of its $10.3 million to $10.5 million guidance range, offered last m...

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