Travel and outdoor gear retailer Kathmandu Holdings Ltd
(ASX:KMD) has booked a loss of $8.68 million for its inaugural first half and confirmed guidance for full year earnings.
The company, which listed on November 13 last year, says the major driver for the result was the costs associated with listing on the ASX.
Excluding Initial Public Offering costs of around $16 million, the retailer posted a $3.6 million profit for the six months to January 30, 2010.
Looking ahead, Kathmandu says it is confident of meeting its full year guidance of earnings before interest and tax of $39.1 million and profit after tax of $23.9 million.
CEO Peter Halkett says he expects trading for the second half to be conditional on weather conditions and the retail environment.
The company has not declared a first half dividend, but plans to pay a full-year dividend of 6.7 cents per share if it meets profit forecasts.
