Warehouse first-half profit rises 22%, beating forecast

Thu, 10 Mar 2016

By Tina Morrison March 11 (BusinessDesk) - Warehouse Group, the country's largest listed retailer, beat its first-half profit forecast as investments over the past few years started to bear fruit. The Auckland-based company said profit adjusted for one-time items rose 22 percent to $45.6 million in the 26 weeks ended Jan. 31, above its forecast profit of $43 million to $45 million. Revenue rose 8.4 percent to $1.57 billion, a gain of 7.1 percent when adjusted for the impact of a later finish to the current half, which included extra back...

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