Pumpkin Patch says profit will be just $2mn, blames international woes

Tue, 01 Mar 2016

By Edwin Mitson March 1 (BusinessDesk) - Pumpkin Patch is blaming adverse currency movements and further declines in its international wholesale business as it warns profit for the first half of the year will be just a fifth of what it achieved a year earlier. In a statement to investors published to the NZX, the Auckland-based childrenswear retailer said normalised earnings before interest, tax, depreciation and amortisation would be between $1.5 million to $2 million when compared to $9.2 million in the same period in 2015. Further deta...

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