Warehouse FY profit jumps 61 percent on property sales, acquisitions

Thu, 12 Sep 2013

Sept. 13 (BusinessDesk) - Warehouse Group, the country’s biggest listed retailer, boosted annual profit 61 percent after reaping gains on property sales early in the year, and from the contributions of its Torpedo7 and Noel Leeming acquisitions. Net profit climbed to $144.7 million, or 46.5 cents per share, in the 12 months ended July 28, from $90.2 million, or 28.9 cents, a year earlier, the Auckland-based company said in a statement. Adjusted net profit, which strips out abnormal movements, climbed 13 percent to $73.7 million, within its g...

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