Kathmandu announces profit and sales gains in FY2017 results

Company News

by Kathy Skantzos

Kathmandu (ASX:KMD) announces its 2017 financial year results, reporting an increase in net profit after tax of 13.5 per cent or NZ$4.5 million to NZ$38 million.

The retailer reports a 4.6 per cent increase in sales in its Australian and New Zealand stores to NZ$445.3 million. Online sales now comprise 7.5 per cent of group sales.

EBIT increased by 12 per cent or NZ$50.9 million to NZ$57 million.

A final dividend of NZ 9 cents per share will be paid, bringing the full year payout to a record NZ 13 cents per share.

Shares in Kathmandu (ASX:KMD) last traded at just over 1 per cent higher to $1.96.

 

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.