Hallenstein Glasson has reported a 6.3% increase in group sales for the full year ended Aug 1 2024, reaching $435.6 million.
The company also noted an improved gross margin of approximately 200 basis points.
Group net profit before tax is expected to be between $51.5m and $52.5m, a rise of about 14.5% from the previous year.
Meanwhile, group net profit after tax is projected to be in the range of $34m to $34.75m, which includes a net non-cash deferred tax expense of around $1.1m.
Hallenstein Glasson highlighted its strong balance sheet, with significant cash reserves and well-maintained stock levels.
The company will release a full announcement with financial statements, including a dividend declaration, on September 30 2024.
See more
