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

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)

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

Comment & Question

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 0.7878 -0.0004 -0.05%
AUD 0.9091 0.0005 0.06%
EUR 0.6356 -0.0003 -0.05%
GBP 0.5032 0.0001 0.02%
HKD 6.1123 -0.0013 -0.02%
JPY 92.8410 0.0020 0.00%

Commods

Commodity Price Change Time
Gold Index 1201.1 7.690 2014-11-21T00:
Oil Brent 78.6 -0.120 2014-11-21T00:
Oil Nymex 76.5 0.710 2014-11-21T00:
Silver Index 16.4 0.260 2014-11-21T00:

Indices

Symbol Open High Last %
NZX 50 5526.9 5526.9 5526.9 -0.56%
NASDAQ 4751.0 4751.6 4701.9 0.24%
DAX 9521.2 9736.1 9484.0 2.62%
DJI 17721.0 17894.8 17719.0 0.51%
FTSE 6678.9 6773.1 6678.9 1.08%
HKSE 23353.7 23508.0 23349.6 0.37%
NI225 17285.7 17381.6 17300.9 0.33%