Kathmandu hikes into profit

Wilson Asset Management

Wilson Asset Management

On Wednesday, Kathmandu Holdings Limited (ASX: KMD) announced its full year results, with net profit after tax (NPAT) rising to NZ$33.5 million, up 66% from NZ$20.4 million on the year prior. Sales growth was recorded in both Australia and New Zealand, driven by the opening of five new stores. The company has seen a strong turnaround in the past year overseen by the new CEO Xavier Simonet. Shares in Kathmandu closed up 3.2% for the week. We do not own Kathmandu in the investment portfolio.


MORE ON



1 topic

1 stock mentioned

Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.