Kathmandu lifts 1H profit 14% on fatter margins, tax adjustment

Mon, 25 Mar 2019

By Paul McBeth March 26 (BusinessDesk) - Kathmandu Holdings lifted first-half profit as expanding margins and a one-time tax adjustment bolstered extra sales from its recently acquired North American Oboz Footwear business. Net profit rose to $14 million in the six months ended Jan. 31 from $12.3 million a year earlier. That included a $1.1 million tax refund related to the treatment of GST on reward vouchers. Sales were up 13 percent at $232 million, with Oboz - acquired last April - contributing $29.2 million. Sales from New Zealan...

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