New Zealand's Warehouse Group falls as annual profit narrows

Warehouse

02/10/2025 04:57

** Shares of Warehouse Group WHS.NZ fall as much as 2.5% to NZ$0.78, their largest intraday pct loss since September 23

** General merchandise dealer logs operating profit of NZ$1.3 million ($757,380.00) for fiscal 2025, down from NZ$28.9 million last year

** Attributes lower earnings to challenging economic and retail conditions in New Zealand

** More than 85,000 shares change hands vs 30-day avg volume of around 70,000 shares

** Stock down 24% YTD, including the day's moves

($1 = 1.7164 New Zealand dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))