New Zealand's KMD Brands jumps most in 1 month on upbeat HY results

KMD Brands

22/03/2023 01:01

** Shares of KMD Brands Ltd  KMD.NZ  climb as much as 4% to
NZ$1.030, posting their biggest intraday pct jump since Feb 17
    ** The travel equipment retailer posts HY underlying NPAT of
NZ$16.5 mln ($10.20 mln) versus a loss of NZ$5.1 mln 
    ** Says HY sales growth up 34.5% at NZ$547.9 mln
    ** Co declares interim dividend of 3 NZ cents per share
    ** Says FY23 operating expenses expected to be about 48% of
sales
    ** Stock down 3.9% YTD, as of last close 
   
    ($1 = 1.6184 New Zealand dollars)

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