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- Release Date: 16/01/14 10:49
- Summary: FORECAST: HLG: Trading update and earnings guidance
- Price Sensitive: No
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HLG
16/01/2014 08:49
FORECAST
REL: 0849 HRS Hallenstein Glasson Holdings Limited
FORECAST: HLG: Trading update and earnings guidance
16th January 2014
Hallenstein Glasson Holdings Ltd
Trading update and earnings guidance
The Directors advise that group sales for the month of December were down
-10% on the prior year.
The business has actively undertaken a review of the performance of all
brands and identified areas that were a factor in this downturn. Steps are
being put in place to rectify these areas.
The impact December has on profit is particularly significant, and as a
result the after tax profit for the six months ending February 1 2014 is now
forecast to be approximately $6.0 to $6.3 million, a decrease of -39% on the
prior period ($10.3m).
Full results for the six months ending February 1 2014 will be released to
the market on March 25th 2014.
Graeme Popplewell
CEO
+64 21 738728
End CA:00246109 For:HLG Type:FORECAST Time:2014-01-16 08:49:46
