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Online and Oz help Kathmandu sales

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March 21, 2017

Strong sales in Australia have helped Kathmandu deliver a 6.4% rise in first-half profit to $NZ10m.

Adventure equipment retailer Kathmandu has lifted first-half profit 6.4 per cent to $NZ10 million ($A9.1 million) following strong sales growth in Australia.

Net profit for the six months to January 31 rose from $NZ9.4 million over the same period a year earlier, with sales up 0.2 per cent to $NZ196.3 million - and up six per cent in Australia.

Chief executive Xavier Simonet said the results were broadly in line with the group's expectations despite a $NZ4 million hit from foreign currency movements.

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