Warehouse says first-half profit may fall as much as 15% as rivalry crimps margins

Mon, 19 Dec 2016

By Tina Morrison Dec. 20 (BusinessDesk) - Warehouse Group says profit may fall between 10 and 15 percent in its first half its financial year as New Zealand's largest publicly listed retailer contends with a weaker-than-expected run up to Christmas both at its stores and its financial services business. Adjusted net profit after tax is expected to be between $38.5 million and $41 million in the six months ending Jan. 29, 2017, the Auckland-based company said in a statement. Warehouse will release its complete first-half earnings on March...

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