Country Road NZ pays $20m dividend to parent

Country Road NZ pays $20m dividend to parent
Country Road has paid a $20m dividend to its parent company. (Image: Nick-D/Wikipedia)
Jaime Lyth
Clothing and lifestyle retailer Country Road Clothing New Zealand has paid out a $20 million dividend to its Australian parent company.The latest annual report from Country Road NZ reported total revenue of $54.3m for the 52 weeks to June 28, down from $60.3m for the 53 weeks to June 29, 2024. The cost of sales was $26m versus $30.4m in the prior period.Net profit for the period was $4.78m, up from $3.17m last year.The KPMG report also lists a $20m dividend payment to shareholders in the company's statements of changes in equity.Country Roa...

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