Kathmandu Holdings Limited (ASX:KMD, NZX:KMD) annual net profit has fallen over the 2014 financial year.
The outdoor equipment retailer’s net profit dipped 4.5 per cent to $NZ42.2 million or $AUD38.6 million over the year.
Same store sales rose 4.2 per cent at comparable exchange rates but declined 2.7 per cent at actual exchange rates.
Online sales increased by more than 35 per cent at comparable exchange rates and contributed 5.1 per cent to total sales.
Chairman David Kirk says the company did well over the year and expects similar sales growth over the year ahead.
Looking ahead Kathmandu plans to invest in the brand’s international growth aspirations and has highlighted the United Kingdom and Europe to build its brand.
A final dividend of $NZ0.09 has been declared, taking the full year payout to $NZ0.12 per share.
