Hellaby FY profit falls 5.8 percent , meets guidance; Contract helps lift sales

Thu, 29 Aug 2013

Aug. 29 (BusinessDesk) – Hellaby Holdings, the diversified investment company, posted a 5.8 percent decline in full-year profit, meeting its guidance, on weaker results from its footwear stores. Profit fell to $18.2 million in the 12 months ended June 30, from $19.3 million a year earlier, the Auckland-based company said in a statement. Sales gained 9.7 percent to $546 million, helped by a three-month contribution from its 85 percent-owned oil and gas services business Contract Resources. Hellaby acquired control of Contract for about $73 m...

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