Kathmandu flags big rise in FY profit AAP – 4 Aug 2016 Outdoor...

Kathmandu flags big rise in FY profit

AAP – 4 Aug 2016
Outdoor clothing retailer Kathmandu says it expects full-year profit to rise by as much as two thirds after consumers reacted well to new products and promotions.
The company says net profit for the 12 months to July 31, which it will report on September 21, will rise from $NZ20.4 million in 2014/15 to between $NZ33 million and $NZ34 million (between $A31.1 million and $32.0 million).
"Product newness and careful management of promotional activity have resulted in a better than expected gross margin," Kathmandu chief executive Xavier Simonet said in a statement.