The Warehouse expects net profit to double

The Warehouse expects net profit to double
Rebecca Stevenson
Listed retailer The Warehouse Group said today it expected net profit after tax of more than $160 million for the full financial year, after reporting $80.7m net profit after tax in the previous financial year.In a statement to the NZX, the company said its third-quarter sales rose 35% to $791.2m when compared with the same time last year, with Noel Leeming sales rocketing 21.2%.It said sales growth was underpinned by significant growth in Noel Leeming and Torpedo7, continuing their growth and turnaround performances of the past year.However, i...

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