Pumpkin Patch posts $9.1M full-year loss on charges, secures bank facilities through 2017

Tue, 29 Sep 2015

Pumpkin Patch, the unprofitable children's clothing retailer, posted a full-year loss that included bigger-than-expected provisions against under-performing stores and said it had concluded talks with its bank to extend its debt facilities through the end of 2017. The loss was $9.1 million in the 12 months ended July 31, including pretax reorganisation costs of $6.4 million, compared to a loss of $11.5 million a year earlier, when one-time costs were $14.6 million, the Auckland-based company said in a statement. Operating revenue fell 1 perc...

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