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HLG — Hallenstein Glasson Holdings News Story

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New Zealand's Hallenstein Glasson on track for record weekly gain on strong annual results

BUZZ-New Zealand's Hallenstein Glasson on track for record weekly gain on strong annual results

** Shares of Hallenstein Glasson HLG.NZ rise as much as 3.1% to a record high of NZ$15.2

** Stock gains over 14% this week and is set to clock a record weekly gain

** The clothing retailer posted on Tuesday a full-year net profit after tax of NZ$59.2 million ($33.22 million), up around 50% year-on-year

** Annual sales stood at NZ$563 million, an increase of 19.6% from last year

** About 50,000 shares change hands, 1.7 times the 30-day avg

** Stock up 53% YTD, including the session's moves

($1 = 1.7819 New Zealand dollars)


(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com;))

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