& Managing Director Hallenstein Glasson Holdings Limited has released a trading update for the full year ended 1 August 2022, reporting total sales of $351.21 million, a slight increase of 0.1% on the prior year.

Group net profit after tax is projected to be within the range of $23.9 million to $24.9 million, a decrease of -26.8% on the prior year.

The business was impacted by the effects of the numerous lockdowns in both New Zealand and Australia, combined with the Omicron surges, inflationary pressures, and changes in customers’ shopping habits.

Online sales continued to play an important role and account for 27.9% of total sales.

Hallenstein Glasson Holdings Limited is expected to release a full announcement with financial statements including a dividend declaration on 30 September 2022.

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