Kathmandu Holdings Limited (KMD) Report Net Profit Decline

Kathmandu Holdings Limited (KMD) is a provider of clothing and equipment for the travel and adventure market.

Retail locations are spread across Australia and New Zealand offering a range of products with technical specifications for different conditions. The company listed on the Australian Stock Exchange in the latter half of 2010.

Kathmandu Holdings has reported an FY12 net profit of NZ$34.85 million, a 10.8% fall on the prior corresponding period.

Revenue over the period was up 13.4% to $347.1 million. Same store sales growth was 5.7% in the year to July.

Despite the sale growth, profit was hurt by lower margins and store refurbishment costs. The group will pay a final dividend of seven NZ cents, fully franked, taking its total dividend for the year to 10 cents.