Kathmandu Holdings Ltd (ASX:KMD) has advised that it only has one remaining store closed as a result of the earthquake that hit Christchurch on 22 February, 2011.
The last remaining store not opened remains closed indefinitely because it is within the Civil Defence prescribed central city red zone.
Dual listed in both Australia and New Zealand, the outdoor clothing retailer says the latest earthquake did cause damage to the company’s premises but the bulk of the costs are expected to be fully insured.
While the company’s office and New Zealand distribution centre are now back to being fully operational, Kathmandu has cautioned that the level of market confidence, as a result of the recent flooding in Australia and earthquake's in Christchurch and Japan, is a risk to improving its second half result.
Nevertheless, the company is still maintaining that it can achieve year on year growth in earnings in the 2011 financial year.
Last month Kathmandu reported that it had almost tripled its first half earnings, generating a net profit of $8.2 million.
