NZ's KMD Brands eyes worst day in over two weeks on interim loss

KMD Brands

23/03/2022 01:09

** Shares of KMD Brands  KMD.NZ  fall as much as 3% to
NZ$1.29, set for their worst day since March 7
    ** The travel equipment retailer posts HY statutory net loss
after tax of NZ$5.5 mln ($3.83 mln)  urn:newsml:reuters.com:*:nFWN2VP101
     ** Posts HY sales of NZ$407.3 mln, compared to NZ$410.7 mln
in H1 FY21
    ** Co, however, declares a 3 NZ cent dividend, a 50% rise on
last year's interim dividend
    ** New Zealand-based retailer says shipping delays, factory
closures and wetsuit shortages battered the group
    ** KMD down 12.5% YTD, as of last close 

($1 = 1.4362 New Zealand dollars)

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))