HLG
15/11/2013 08:30
FORECAST
REL: 0830 HRS Hallenstein Glasson Holdings Limited
FORECAST: HLG: Trading Update
TRADING UPDATE
15th November 2013
Directors advise that sales for the first 14 weeks of the financial year
commencing 1 August 2013 have remained subdued, with group sales -7% on the
prior year.
August and September were particularly challenging, but as the summer season
has unfolded sales have been more in line with historic levels in both New
Zealand and Australia.
Although the major trading months of the first half of the year are still
ahead of us, given the slow start to the season it is unlikely that results
for the half year ending 1 February 2014 will match those of the prior year.
Based on current trends net profit after tax for the 6 months ending 1
February 2014 will be approximately $8 million, a decrease of -20% on
the prior period ($10.371million.)
A further update will be made at the Annual General Meeting of the company on
12th December 2013.
Graeme Popplewell
Chief Executive Officer
End CA:00243823 For:HLG Type:FORECAST Time:2013-11-15 08:30:42
Price at posting:
$4.77 Sentiment: None Disclosure: Held
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