New Zealand's KMD Brands falls as HY loss widens

KMD Brands

19/03/2024 24:27

** Shares of KMD Brands  KMD.NZ  fall as much as 5.8% to
NZ$0.49, their lowest since Feb. 20
    ** Apparel maker says HY group sales decreased by 14.5% to
NZ$468.6 million ($284.91 million)
    ** KMD posts HY net loss after tax of of NZ$9.7 mln ($164.96
mln) vs NZ$6.9 mln loss a year earlier
    ** Says, group sales for Feb 2024 were down 3.5% vs pcp
    ** Stock down 30.7% YTD as of last close
 



($1 = 1.6447 New Zealand dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))