Trading update and profit forecast
12 August 2019
HALLENSTEIN GLASSON HOLDINGS LIMITED
TRADING UPDATE FOR THE FULL YEAR ENDED 1 AUGUST 2019
The Company advises that sales for the 12 months ended 1 August 2019 were $286.69 million, an
increase of 3.3% on the prior year ($277.64 million).
Net profit after tax is expected to be within the range of $27.7 million to $28.2 million, an increase of
approximately 2.0% on the prior year ($27.4 million).
Sales growth was maintained throughout the second half of the year for both Glassons New Zealand
and Glassons Australia but Hallenstein Brothers experienced a tougher season with sales and margin
down on the year.
The Group’s balance sheet and projected future cash flow remains strong. Stock levels are also well
managed.
A full profit release will be made to the market on 27 September 2019.
Mary Devine
Group Managing Director
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