WHS reports FY loss in one of its toughest years on record

WHS reports FY loss in one of its toughest years on record
The board has opted not to pay a final dividend. (Image: NZME)
Rebecca Howard
The Warehouse Group has reported a $54.2 million net loss after what it says was one of its “toughest years” on record. The net loss for the 52 weeks to July 28 compared with a net profit of $29.8m in the previous year.The board opted not to declare a final dividend. “The economic climate in Aotearoa New Zealand has been difficult for most retailers, with inflation, high interest rates and a weak economy significantly reducing consumer demand,” said chair Joan Withers.“However, our trading performance and...

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