NZ's Hallenstein Glasson Holdings rises on higher HY sales, strong profit forecast

Hallenstein Glasson Holdings

12/02/2019 23:44

** Shares of Hallenstein Glasson Holdings Ltd  HLG.NZ  rise
as much as 7.5 pct to NZ$4.450, their highest since Dec 11, 2018
    ** Clothing retailer says interim total group sales rise 3.1
pct to NZ$151.2 mln ($101.91 mln) for HY ended Feb 1,
2019 urn:newsml:reuters.com:*:nFWN20711Z
    ** Group profit after tax projected to be NZ$15.7 mln to
NZ$16.2 mln for HY ended Feb 1, 2019, compared to NZ$15.1 mln a
year ago
    ** Stock posts biggest intraday pct gain in 2 months; among
top percentage gainers on the S&P NZX All Capital index  .NZCI 
    ** Stock had fallen 1 pct this year, as of last close
($1 = 1.4837 New Zealand dollars)

 ((Simran.Lakhotia@thomsonreuters.com;))