Net profit up to over $25 million
A year after becoming a listed company, Kathmandu has showed a healthy profit, with an overall increase in sales.
There was an increase in sales from $215.6 million to $245.8 million (up from a forcast of $240 million). Could be something to do with the fact that they’ve opened up an impressive 15 new stores in the last year. With growth opportunities arising, we’re bound to see more Kathmandu shops around.
For more info on this story, see http://www.stuff.co.nz/business/industries/4164303/Profit-jump-for-Kathmandu
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