NZ's Hallenstein Glasson Holdings rises on strong HY results

Hallenstein Glasson Holdings

31/03/2023 24:32

** Shares of Hallenstein Glasson Holdings  HLG.NZ  climb as
much as 3.6% to NZ$5.84, their highest level since June 10, 2022
    ** The New-Zealand based clothing retailer says HY unaudited
net profit after tax increased 74.8% to NZ$20.83 mln ($13.04
mln)
    ** Says group sales for six months jumped 30.9% to NZ$223.29
mln 
    ** Declares interim dividend of 24 NZ cents per share 
    ** Expects Australian trading environment to remain stronger
than in New Zealand 
    ** Stock posts its fifth consecutive session of gains 
    ** Shares have risen 10.1% so far this week - set to record
best week since late September, 2020, if gains hold 
    ** Stock has risen 3.7% YTD, as of last close

    


($1 = 1.5969 New Zealand dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))