Katmandu Holdings Limited (KMD) Kathmandu 1H FY12 net profit of $5.9 million


Katmandu Holdings Limited (KMD) Kathmandu 1H FY12 net profit of $5.9 million

Katmandu Holdings Limited (KMD) Kathmandu 1H FY12 net profit of $5.9 million

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 announced its 1H FY12 earnings, booking a net profit of $5.9 million, a 43.1% fall compared to the same period in FY11.
The fall in profit eventuated despite revenue lifting 15.4% to $146.6 million over the period.
The company said that the sector was attracting more competition, and it does not expect any change in the weak retail environment in the second half.

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