HLG
20/08/2012 11:02
FORECAST
REL: 1102 HRS Hallenstein Glasson Holdings Limited
FORECAST: HLG: Trading update and earnings guidance
Trading update and earnings guidance
Revenue
The company advises that group sales for the year ended 1 August 2012 were
$215.6 million (last year $205.5 million) an increase of 4.9% over the prior
year.
CEO Graeme Popplewell commented "Notwithstanding an exceptionally challenging
retail environment all brands have shown positive same store growth and grown
market share. Gross margin on sales improved and market anomalies as a result
of the Christchurch earthquakes are now behind us."
Earnings Guidance
Net profit after tax is projected to be in the range $20.4 million to $20.8
million (last year $18.283 million) an increase of approximately 13%.
Included in pre tax earnings are insurance proceeds relating to the
Christchurch earthquake of $1.9 million (last year $2.97 million.)
Underlying earnings from trading are forecast approximately 20% up on the
prior year.
A full earnings release will be issued to the NZX on 26 September 2012.
Graeme Popplewell
CEO
+64 21738728
End CA:00226173 For:HLG Type:FORECAST Time:2012-08-20 11:02:40
Price at posting:
$4.39 Sentiment: None Disclosure: Held
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