Hallenstein reports $15m 1H profit on strong Christmas sales, lifts dividend

Thu, 29 Mar 2018

By Sophie Boot March 29 (BusinessDesk) - Hallenstein Glasson Holdings has lifted its first-half dividend and says its two core brands, Glassons and Hallenstein Brothers, are in a strong position going into winter trading. Last month, the company told the market that total group sales for the six months ended Feb. 1 were $146.8 million, an increase of 19.4 percent over the prior corresponding period, and group profit after tax was in a range of $14.75 million to $15.25 million versus $9.2 million in the prior year. Net profit in the fir...

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