Kathmandu earnings buoyed by Rip Curl

Kathmandu earnings buoyed by Rip Curl
Staff reporters
Kathmandu said first-half earnings rose by as much as 20 percent as the retailer integrated its surfwear Rip Curl brand into the business and was propped up by multiple covid-19 government subsidies.The retailer said it expects to report earnings before interest, tax, depreciation and amortisation of between $47 million and $49 million in the six months ended Jan. 31, up from the $40.5 million underlying earnings it reported a year earlier, before the pandemic struck.Total sales rose 12 percent reflecting the $368 million acquisition in the tai...