Kathmandu Holdings Ltd
(ASX:KMD) has almost tripled its first half earnings, generating a net profit of $7.7 million.
In the six months to 31 January revenue rose 19 per cent to $93 million.
Dual listed in both Australia and New Zealand, the travel and adventure clothing retailer says it is well positioned for the full 2011 financial year.
However, CEO Peter Halkett says the winter sale remains Kathmandu’s largest annual promotional event, and the company must wait until the end of this period before being confident about the anticipated full year result.
Kathmandu has declared an interim dividend of three cents.
Kathmandu Holdings reported a net profit of $7.5 million in the 2010 financial year.
