Kathmandu says annual profit rose as much as 67% on wider margins

Wed, 03 Aug 2016

By Paul McBeth Aug. 4 (BusinessDesk) - Kathmandu Holdings says annual profit rose as much as 67 percent as better-run promotions widened the outdoor equipment chain's margins. Net profit was between $33 million and $34 million in the 12 months ended July 31, up from $20.4 million a year earlier, the Christchurch-based company said in a statement. That's within Kathmandu's upgraded June guidance of between $32 million and $35 million, which highlighted the retailer's better margins. "As indicated in our June update, product newness an...

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