Hallenstein Glasson: First-half profit up, second half looking good

Fri, 26 Mar 2021

Hallenstein Glasson Holdings said sales in the first seven weeks of the winter season are already 17.8% higher than last year after reporting a 28.6% lift in first-half net profit.Net profit was $19.8 million in the six months to 1 February versus $15.4m in the prior year. The result was in line with the guidance given in February.Total group sales for the six-month period were $182m, up 13.6% and also in line with guidance.Group managing director Mary Devine said early results for the second half are “encouraging,” but also noted t...

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