Hallenstein Glasson Holdings Limited has reported a 16.7% increase in group sales for the 12 months ended August 1, 2023, compared to the previous year.
The company expects its group net profit after tax to be between $31.8 million and $32.3 million, representing a 25.2% increase from the prior year.
The previous year's results were impacted by store closures due to lockdowns.
The company's balance sheet remains strong, and stock levels are well controlled.
A full announcement with financial statements, including a dividend declaration, will be released on September 29, 2023.
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