Kathmandu lifts annual profit 14% on increased sales, cuts debt levels

Mon, 25 Sep 2017

By Sophie Boot Sept. 26 (BusinessDesk) - Kathmandu Holdings lifted annual profit 14 percent in 2017 as sales grew in New Zealand and Australia, while it cut its debt levels to record lows. Net profit rose to $38 million, or 18.7 cents per share, in the 12 months ended July 31, from $33.5 million, 16.6 cents, in 2016, the Christchurch-based outdoor equipment chain said in a statement. Earnings before interest and tax gained 12 percent to $57 million while sales rose 4.6 percent to $445.3 million. Online sales accounted for 7.5 percent of a...

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