Pumpkin Patch today’s best NX50 performer after return to profit in 2013

Fri, 27 Sep 2013

By Tina Morrison Sept. 27 (BusinessDesk) – Shares in Pumpkin Patch are the best performer on New Zealand’s benchmark index today as the children’s clothing retailer turned to a profit in 2013 after posting a loss the year earlier when it reorganised its business. Pumpkin Patch shares rose 5 percent to $1.05 after the company said net profit was $5.1 million in the year ended July 31, following a loss of $27.5 million the year earlier. Profit before reorganisation costs was $8.5 million, within the company’s $7.5 million to $9 million forecast...

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