Hallenstein sales up 7% in first four months, profit ahead of 2012

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

Hallenstein Glasson Holdings, the clothing chain, said sales in the first four months of the year are up 7% and profit is ahead of the same period last year.

"While this is a good start, the success of the first half of our financial year hinges on our December trade," chairman Warren Bell told shareholders at their annual meeting in Auckland today.

"We are well positioned and will make every endeavour to ensure we enjoy strong trade over this all-important trading period.

In September, the Auckland-based company posted a 15% to $21 million, exceeding its own guidance.

The shares rose 0.2% to $5.09 on the NZX today and have soared 45% this year.

The shares are rated a "hold" based on the consensus of five analysts polled by Reuters with a price target of $4.60.

(BusinessDesk)


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.6353 0.0035 0.55%
AUD 0.9043 0.0032 0.36%
EUR 0.5656 0.0062 1.11%
GBP 0.4153 0.0025 0.61%
HKD 4.9237 0.0260 0.53%
JPY 76.3270 0.7030 0.93%

Commods

Commodity Price Change Time
Gold Index 1139.3 5.270 2015-09-01T00:
Oil Brent 50.4 2.070 2015-09-01T00:
Oil Nymex 46.0 -3.780 2015-09-01T00:
Silver Index 14.6 0.034 2015-09-01T00:

Indices

Symbol Open High Last %
NZX 50 5660.0 5660.0 5655.0 -1.15%
NASDAQ 4673.6 4722.1 4776.5 -2.94%
DAX 10060.3 10116.2 10015.6 0.71%
DJI 16528.0 16528.0 16528.0 -2.84%
FTSE 6058.5 6136.7 6058.5 1.21%
HKSE 21101.4 21288.5 21531.2 -2.77%
NI225 17861.8 18467.4 18489.2 -2.13%