HLG
18/08/2014 08:31
FORECAST
REL: 0831 HRS Hallenstein Glasson Holdings Limited
FORECAST: HLG: Trading update and Earnings guidance
18 August 2014
HALLENSTEIN GLASSON HOLDINGS LIMITED
TRADING UPDATE AND EARNINGS GUIDANCE
The Company advises that unaudited group sales for the financial year ended 1
August 2014 were $207.98 million, a decrease of -5.5% on the prior
corresponding period ($220.12 million).
Net Profit after tax is expected to be in the range of $14.0 million to $14.2
million, a decrease of -25% on the prior year.
Performance for the second half of the year had shown some improvement on the
first half results, but momentum had been insufficient to regain ground lost
in the first half of the year.
Second half sales were -2% on the prior corresponding period, with projected
earnings -5% on pcp.
Full financial results for the year ended 1 August 2014 will be released to
the market on 25th September 2014.
Graeme Popplewell
CEO
+64 21 738728
End CA:00253962 For:HLG Type:FORECAST Time:2014-08-18 08:31:50
