Kathmandu boosts 2013 profit 27 percent, expects solid performance in 2014

Mon, 23 Sep 2013

By Tina Morrison Sept. 24 (BusinessDesk) – Kathmandu Holdings, the second-best performer on New Zealand’s benchmark index the past year, boosted full-year profit 27 percent to a record on increased sales in its main markets of New Zealand and Australia. Net profit rose to $44.2 million in the 12 months ended July 31, from $34.9 million the year earlier, the Christchurch-based company said in a statement. Sales increased 11 percent to $384 million, outpacing a 9.8 percent rise in operating expenses to $168 million. Kathmandu, which sells outd...

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