Kathmandu Holdings Limited (ASX:KMD, NZX:KMD) has booked an interim loss after suffering subdued sales over Christmas and January.
The outdoor clothing retailer swung to a net loss of about $AUD1.75 million in the six months to the end of January from a profit of about $AUD11 million the year before.
Revenue rose 7 per cent over the period while online sales grew 33 per cent and now account for almost 6 per cent of the company’s total sales.
Acting CEO Mark Todd says Kathmandu is continuing to lay the foundations for future growth and remains confident it can succeed in developing meaningful sales in international markets.
A fully franked interim dividend of $NZ0.03 per share has been declared.
