Hallenstein Glasson declares 50.5 cent full-year dividend as sales growth continues

Glassons stores contribute more than 75% of total Hallenstein Glasson sales. (Image: NZME)

Mon, 30 Sep 2024

Gross margin gains and strong performance in Australia have enabled Hallenstein Glasson to reward shareholders with a 50.5 cents per share full-year dividend.In full-year earnings to Aug 1, released to the market on Monday, the cross-Tasman clothing retailer recorded a net profit after tax (Npat) of $34.5 million, up 7.8% compared with last year. This figure included a net non-cash deferred tax expense of $1.1m connected to changes in tax legislation and was towards the top end of the forecast range given this month. The company...

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