Kathmandu tips first half profit to rise 20% on higher sales, wider margins

Tue, 23 Jan 2018

By Rebecca Howard Jan. 24 (BusinessDesk) - Kathmandu Holdings, the outdoor equipment retailer, expects a 20 percent lift in first-half net profit on a 4 percent lift in total sales and wider gross margins. The Christchurch-based company said it expects that net profit will be at least $12 million in the six months to Jan. 31 versus $10 million in the first half of the 2017 financial year. Total sales will be approximately $204 million versus $196.3 million, it said. The company had previously said the first half net profit would be "abo...

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