Hallenstein Glasson forecasts solid lift in FY net profit

Hallenstein Glasson's result indicates strong winter performance. (Image: File)

Thu, 05 Sep 2024

Hallenstein Glasson says it anticipates improving performance across major performance metrics when it declares its full-year results at the end of the month. In a trading update released to the market on Thursday, the New Zealand Exchange-listed (NZX) apparel retailer forecast a net profit after tax (Npat) range of $34 million to $34.7m for the year to Aug 1, the middle of which would constitute a 7.4% year-on-year increase.Shares jumped 2.2% to $6.10 just after the market opened.The company said this includes a net non‐cash deferred tax...

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