Kathmandu Holdings Limited (ASX:KMD) has tripled its net profit to $32 million in the 2011 financial year.
The outdoor clothing and equipment retailer’s result was broadly in line with expectations and boosted by favourable weather that helped to drive stronger sales.
Kathmandu listed in New Zealand and Australia at the end of 2009 and excluding these start up costs the company’s profit increased 55 per cent over the year.
Over the last year sales rose 24.5 per cent and earnings were up by 32 per cent.
Looking ahead the company is forecasting earnings to rise up to 36 per cent in the 2012 financial year.
A final dividend of 7 cents has been declared, bringing the full year payout to 10 cents per share.
