- Release Date: 15/02/13 11:00
- Summary: FORECAST: HLG: Trading update and Earnings guidance
- Price Sensitive: No
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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
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