Dual-listed Kathmandu Holdings Limited (ASX:KMD, NZE:KMD) has improved its interim profit as it treks toward targeting even higher profits over the full year.
The New Zealand-based adventure sports retailer increased its net profit by 10.7 per cent to $10.7 million ($NZ11.4 million) in the first half of the 2014 financial year.
The company has attributed the result to continuing strong same store sales growth, particularly in Australia, improved gross margins and cost management.
CEO Peter Halkett says New Zealand’s economic environment and consumer sentiment is currently generally positive but there is more uncertainty in Australia’s prospects.
Looking ahead Kathmandu says it will continue to invest in growing its store network, enhancing its online offering and developing true omni-channel capability.
A fully franked interim dividend of $NZ0.03 per share has been declared.
