Hallenstein Glasson Ltd Trading update and profit forecast
5 September 2024
HALLENSTEIN GLASSON HOLDINGS LIMITED
TRADING UPDATE FOR THE FULL YEAR ENDED 1 AUGUST 2024
The Company advises that Group sales for the 12 months ended 1 August 2024 were $435.6 million,
an increase of 6.3% on the prior year ($409.7 million), with an improved gross margin of
approximately +200 basis points.
Group net profit before tax is expected to be within the range of $51.5 million to $52.5 million (prior
year $45.4 million), an increase of approximately +14.5%.
Group net profit after tax is expected to be within the range of $34.0 million to $34.75 million (prior
year $32.0 million). This includes a net non‐cash deferred tax expense of approximately $1.1 million
connected to changes in tax legislation on the deductibility of depreciation on non‐residential
buildings.
The balance sheet for the Group remains strong with significant cash reserves and well‐maintained
stock levels, contributing to
improved gross margin for the year.
A full announcement with financial statements including a dividend declaration will be released to
the market on 30 September 2024.
Chris Kinraid
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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