HLG
05/02/2016 08:34
FORECAST
PRICE SENSITIVE
REL: 0834 HRS Hallenstein Glasson Holdings Limited
FORECAST: HLG: Trading Update and Profit Forecast
HALLENSTEIN GLASSON HOLDINGS LIMITED
TRADING UPDATE AND PROFIT FORECAST
The Company advises that total group sales for the 6 month period ended 1
February 2016 were $112.4 million, an increase of 1.3% over the prior
corresponding period ($110.8 million).
The key trading month of December saw sales increase 2% over last year.
Gross margin for the period is almost 4 percentage points below the same
period last year due to the lower exchange rate and also to competitive
influences.
Group net profit after tax for the 6 month period ended 1 February is
projected to be in the range $6.6m to 6.9m, a decrease of -20% over the prior
corresponding period ($8.638m).
The balance sheet for the group remains strong, with stock levels under
control at historical levels.
The Directors have declared an interim dividend of 13.5 cents per share (last
year 14.5 cents per share) payable 15th April 2016.
A full earnings statement will be released to the market 23 March 2016.
Graeme Popplewell
Chief Executive Officer
+64 21738728
5 February 2016
End CA:00277268 For:HLG Type:FORECAST Time:2016-02-05 08:34:08
