Hallenstein Glasson shares lift on guidance

Cost-of-living pressures are affecting buying patterns.

Thu, 22 Feb 2024

Hallenstein Glasson Holdings was up 2.9% in early trading to $5.77 after it said its net profit for the six months to Feb 1 was slightly higher on the year despite a tough retail environment.The company said net profit was between $21 and $21.5 million over the period, a 2% increase from last year’s $20.8m.The clothing retailer reported group sales of $223m for the period, a marginal decrease from $223.3m. While group sales are largely flat, things have improved since a December update when it reported a 4.7% sales decline for t...

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