Kathmandu lifts 1H profit 23%; sells shares to fund US$60M footwear purchase

Mon, 19 Mar 2018

By Tina Morrison March 20 (BusinessDesk) - Kathmandu Holdings, the outdoor equipment retailer, increased first-half profit 23 percent, in line with its forecast, as it discounted less products and lifted margins. It also announced plans to buy its US footwear supplier Oboz Footwear. Profit rose to $12.3 million, or 6 cents per share, in the six months ended Jan. 31, from $10 million, or 4.9 cents, in the year earlier period, the Christchurch-based company said in a statement. That's in line with its January forecast for profit of at least...

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