NZ's KMD Brands hits nearly 9-month low as HY loss widens

KMD Brands

26/03/2025 02:49

** Shares of KMD Brands KMD.NZ fall 5.4% to NZ$0.35, their lowest level since July 1

** Sports products maker heading for its biggest pct fall since late February, if losses hold

** Co's HY underlying NPAT loss widens to NZ$16.1 mln ($9.23 mln) from a loss of NZ$6.9 mln in the previous year

** Sees short-term gross margin pressure for all brands in highly competitive global market

** Stock down more than 21% this year, including the day's moves

($1 = 1.7449 New Zealand dollars)

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))