Hallenstein Glasson Holdings Limited has reported a 30.9% increase in total Group sales for the six-month period ended 1 February 2023 compared to the prior corresponding period.
The Company also estimates a significant increase in Group profit after tax for the period, projecting an increase of 74.3% over the prior year.
The increase in profits is attributed to multiple store closures across Australia and New Zealand due to lockdowns during the same period in the prior year.
Group CEO Stuart Duncan also noted that the balance sheet remains strong and stock levels are well controlled.
The full announcement with six months financial statements including dividend declaration will be released to the market on 31 March 2023.
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