HLG
15/02/2013 09:00
FORECAST
REL: 0900 HRS Hallenstein Glasson Holdings Limited
FORECAST: HLG: Trading update and Earnings guidance
15 February 2013
Hallenstein Glasson Holdings Limited
Trading update and earnings guidance for the 6 months ended 1 February 2013
The company advises that group sales for the 6 months ended 1 February
2013 were $115.707 million ($108.572 million), an increase of 6.57% over the
prior period.
Sales over the critical December January period have been robust in New
Zealand although in Australia the Glassons brand had encountered a more
difficult environment and sales had not meet expectations for that period.
Earnings guidance
Group profit after tax is projected to be in the range $10.3 to $10.5
million, an increase of approximately 15% over the prior year. Overall
margins had improved and stock levels continue to be well controlled.
A full announcement including interim dividend declaration will be delivered
to the NZX at 9:00am, 27 March 2013.
Graeme Popplewell
CEO
+64 21738728
End CA:00232967 For:HLG Type:FORECAST Time:2013-02-15 09:00:01
Price at posting:
$5.32 Sentiment: None Disclosure: Held
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