Australia Markets close in 3 hrs 22 mins

Kathmandu lifts first-half profit 6.4%

 

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.