Kathmandu’s EBIT & NPAT to rise compared to FY16

Company News

by Jessica Amir

Kathmandu Holdings (ASX:KMD) says on the back of higher sales, its expecting higher NPAT and EBIT for the full year ending 31 July 2017, compared to the prior corresponding period.

The online outdoor and camping store expects its NPAT to be between $37.4 million and $38 million, which is above FY16’s $33.5 million result.

Kathmandu’s EBIT is now tipped to be in the range of $56 and $57 million, far better than its FY16’s $50.9 million.

It comes as group same store sales rose 5.5 per cent on the back of key winter promotions and four consequtive quarters of growth.

Shares in Kathmandu Holdings (ASX:KMD) are trading 1.43 per cent higher to $2.13.  

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.