Pumpkin Patch turns to a loss in 2014, says benefits of changes will come in 2016

Fri, 26 Sep 2014

By Tina Morrison Sept. 26 (BusinessDesk) - Pumpkin Patch, the second-worst performing stock on the NZX All Index the past 12 months, turned to a loss in 2014 and signalled earnings are unlikely to improve for another year. The Auckland-based children's clothing chain posted a loss of $10.2 million, or 6 cents a share, in the 12 months ended July 31, from a profit of $5.1 million, or 3 cents, a year earlier. Pumpkin Patch shares, which have slumped 57 percent the past year, were unchanged at 43 cents after the company said annual profit ex...

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