NZ's Warehouse Group hits near seven-year high on improved HY forecast

Warehouse

25/02/2021 01:43

** Shares of consumer goods retailer  WHS.NZ  rise as much
as 3.4% to NZ$3.35, highest since June. 11, 2014
    ** WHS expects HY 2021 adj. NPAT to now exceed NZ$110 mln
($81.72 mln) compared with NZ$46.2 mln last year  urn:newsml:reuters.com:*:nFWN2KU1GL
    ** Co had earlier forecast HY adj. NPAT to exceed NZ$90 mln
    ** Group's trading gross margin will be up around 185 basis
points versus prior forecast of 170 basis points - WHS
    ** Stock posts its biggest intraday percentage gain since
Feb. 4
    ** More than 131,500 shares change hands, compared with the
30-day average volume of about 111,100  
    ** Stock up 19.7% this year, as of last close
    
    


($1 = 1.3461 New Zealand dollars)

 (Reporting by Nikhil Subba in Bengaluru)
 ((Nikhil.Subba.thomsonreuters.com@reuters.net))