Kathmandu Holdings Limited’s
(ASX:KMD) full year net profit has fallen 10.8 per cent to $27.5 million dollars.
The clothing retailer’s profit margin was impacted by costs associated with implementing a new loyalty program as well as store relocations and refurbishments.
CEO Peter Halkett says the company aims to boost performance through continued investment in its store network, new store openings and further relocation and refurbishment.
Mr Halkett has forecast an improved performance in the current financial year, providing no further deterioration in economic conditions.
The group will pay a final dividend of seven NZ cents, fully franked, taking its full year payout to 10 cents.
