Pyjama party! Peter Alexander powers NZ profit for Aussie owner

Victoria Young
Tue, 18 Jan 2022

Pyjama party! Peter Alexander powers NZ profit for Aussie owner
Peter Alexander has been a standout performer for ASX listed Premier Investments.
Victoria Young
Tue, 18 Jan 2022
Kimbyr Investments, the NZ operator of major retail chains including Just Jeans, Smiggle and Peter Alexander has more than doubled its net profit to $21.2 million from $9.0m in the 53 weeks to July 31, 2021, from $9.0m in the previous year. While acknowledging a “highly uncertain macro environment” due to covid-19, the company said it did not need to record further impairment losses in New Zealand, having already discounted its estimated cash flows in 2020 by 10.5%. The NZ unit of ASX-listed Premier Investments has more th...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
F&P Healthcare drags NZX 50 lower
Dan Brunskill | Wed, 25 May 2022

Markets were also surprised by RBNZ's plans to keep hiking the official cash rate until it hit 4%.

Homeowners to feel pain next year when home rates hit 6%
Brent Melville | Wed, 25 May 2022

There's no need for leveraged homeowners to panic as interest rates ratchet up, but stress could start being felt downstream as more rate hikes seem on the cards.

Reserve Bank will hike but not as much as it says
Rebecca Howard | Wed, 25 May 2022

The Reserve Bank of NZ now expects the official cash rate to peak at 3.9% in June 2023, up from its February view that it would peak at 3.4% in September 2024.

Partner content
Small business lessons for attracting and retaining staff

Employers battling through the ‘Great Resignation’ are now faced with the ‘Great Brain Drain’.

Partner content
People leaders are key to wellbeing but still need help

One in three people say they have experienced an issue with an unsupportive manager