Pumpkin Patch turned to a profit in 2013; focus on repaying debt amid challenging conditions

Thu, 26 Sep 2013

By Tina Morrison Sept. 27 (BusinessDesk) – Pumpkin Patch, the children’s clothing retailer, turned to a profit in 2013 after posting a loss the year earlier when it reorganised its business, however it says conditions remain challenging. Net profit was $5.1 million in the year ended July 31, following a loss of $27.5 million the year earlier, the Auckland-based company said in a statement. Profit before reorganisation costs was $8.5 million, within the company’s $7.5 million to $9 million forecast range, and down from $10.1 million the year...

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