Hallenstein Glasson Holdings Limited reported a 74.8% increase in net profit after tax for the six months ended 1 February 2023, with Group sales increasing by 30.9%.
Gross margin was pressured due to the US Dollar exchange rate and higher than normal freight costs.
The result was in line with the guidance announced to the NZX on 17 February.
Sales in Australia were up 43.1%, and New Zealand sales were up 13.4%.
The Directors declared an interim dividend of 24 cents per share.
The trading environment for the winter season is expected to remain challenging due to economic pressures in New Zealand, Australia and globally.
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