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.
Established in 1997 by Geoff Wilson, we are an independently owned investment manager based in Sydney. Today, Wilson Asset Management is comprised of ten investment professionals who offer a combined investment experience of almost 100 years.