Clothing retailer Hallenstein Glasson Holdings Ltd said today total group sales for the 6-month period ended 1 February were up 19.4% on a year ago, from $122.9 million to $146.8 million.
Group chief executive Mark Goddard said gross margin was up 3.5 percentage points, achieved through strong sales performance, improved buying strategy and reduced promotional activity & discounting.
The company is projecting first-half group profit after tax to be in the range of $14.75-15.25 million, an increase of about 63% over the prior year ($9.2 million).
The company will release its full first-half earnings statement on 30 March.
Attribution: Company release.