Hallenstein Glasson has reported a 7.7% increase in total group sales for the six-month period ended February 1, 2025.
The company's unaudited sales reached $240 million, compared to $223m in the same period last year.
However, the gross margin of 58.4% was 50 basis points lower than the prior corresponding period, which Hallenstein Glasson attributed to the challenging New Zealand retail environment.
Despite this, the group expects its unaudited net profit after tax to be in the range of $21m to $21.3m, in line with the record result of $21.1m in the previous year.
The company's balance sheet remains strong, with significant cash reserves and well-controlled stock levels.
A full announcement, including financial statements and dividend declaration, will be released on March 28, 2025.
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