UPDATE: Kathmandu shares edge up after retailer lifts earnings in 'tough' retail market

Mon, 20 Mar 2017

(Recasts and updates with analyst comment) By Paul McBeth March 21 (BusinessDesk) - Kathmandu Holdings shares edged up after the outdoor equipment chain beat its first-half profit guidance by cutting costs while lifting sales at a time when fierce competition is eroding margins for retailers. Net profit rose to $10 million, or 4.9 cents per share, in the six months ended Jan. 31 from $9.4 million, or 4.6 cents, a year earlier, the Christchurch-based company said in a statement. That was just ahead of the $9.9 million guidance Kathmandu...

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