Kathmandu shares rise 9.3% on strong FY result, solid US performance

Wed, 18 Sep 2019

By Rebecca Howard Sept. 18 (BusinessDesk) - Kathmandu Holdings shares rose 9.3 percent after the company reported annual profit at the top end of its guidance, including a standout performance in the US. The outdoor equipment chain said net profit was $57.6 million in the year ended July 31, versus $50.7 million in the prior year. Total sales rose 9.7 percent to $545.6 million. In August the company said it expected net profit of $56.5-$58 million. “The key driver was a positive contribution from the Australian business and rapid sa...

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