Kathmandu’s Australian stores drive sales growth in first half

Mon, 25 Mar 2013

March 26 (BusinessDesk) – Kathmandu, the outdoor equipment retailer, posted a 13 percent gain in first-half sales, driven by revenue from is biggest market of Australia. Sales climbed to $165.9 million in the six months ended Jan. 31, from $146.7 million a year earlier, the Christchurch-based company said in a statement. Net profit rose to $4.3 million from $10.3 million. The results are within the range the retailer first flagged on Feb. 1, which it attributed to faster sales growth and brand penetration in Australia. The company’s gross ma...

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