UPDATED: Hallenstein shares jump on good start to 2015 after 2014 profit fall

Thu, 25 Sep 2014

(Adds broker comment in 11th paragraph, forecast for 2015 profit in 7th paragraph, further detail throughout, updates shares) By Tina Morrison Sept. 25 (BusinessDesk) - Hallenstein Glasson Holdings, which posted a 24 percent drop in annual profit, said all chains in the group are trading ahead of year earlier levels in the first seven weeks of the new financial year, with a "solid improvement" in its gross profit margin. The shares jumped. Net profit fell to $14.3 million, or 23.94 cents a share, in the year ended Aug.1, from $18.7 mil...

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