Trading Update and Profit Forecast
16
th
February 2018
Hallenstein Glasson Holdings Limited
Trading Update and Profit Forecast
The company advises that total group sales for the six month period ended 1 February 2018 were
$146.8 million, an increase of 19.4% over the prior corresponding period ($122.9 million).
Gross margin for the six month period was approximately 3.5 percentage points up on the prior year
which was achieved through strong sales performance, improved buying strategy and reduced
promotional activity & discounting.
Group profit after tax is projected to be in the range of $14.75 to $15.25 million, an increase of
approximately 63% over the prior year ($9.2 million).
The balance sheet for the Group remains strong and stock levels continue to be well controlled.
A full announcement with earnings statement including dividend declaration will be released to the
market on 30
March 2018.
Mark Goddard
Group CEO
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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