NZ's Warehouse Group hits over 8-year high on annual results

Warehouse

28/09/2021 22:56

** Consumer goods retailer's shares  WHS.NZ  rise as much as
4.2% to NZ$4.25, highest since May 2013
    ** Company's FY net profit attributable to shareholders more
than doubles to NZ$117.7 mln ($82.53 mln), helped by pent-up
demand and strong online sales
    ** FY group sales jump 7.6% to NZ$3.41 bln; company declares
final dividend of 17.5 NZ cents/shr
    ** Company says sales for first eight weeks of fiscal 2022
down 22% vs previous corresponding period, due to nationwide
COVID-19 curbs
    ** WHS shares post biggest intraday pct gain since Feb. 25;
on track for six consecutive sessions of gains
    ** Company's shares up 50.7% this year, as of last close

 ($1 = 1.4261 New Zealand dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com))