Business
Kathmandu profit down $49m due to Covid-19 – Stuff.co.nz
Outdoor equipment company Kathmandu has reported an $8.9 million profit after tax for the year to July 31, down from $57.6m last year.
Outdoor equipment retailer Kathmandu has reported an $8.9 million profit after tax for the year to July 31, down from $57.6m last year.
The results also reflected one-off costs relating to its purchase of Rip Curl in February.
The company said sales had been hard hit by the closures of stores during the Covid-19 lockdowns in Australia and New Zealand.
Sales were down an $135m across Kathmandus retail and wholesale business.
READ MORE:* Covid-19 hits Kathmandu sales hard * Restaurant Brand…
-
General24 hours agoPostecoglou’s message touches Blues AFL coach Voss after Spurs’ Europa League win
-
Noosa News23 hours agoFranz Ferdinand: Australian Tour 2025
-
General17 hours agoDavid Littleproud’s own goal • Inside Story
-
Noosa News17 hours agoQueensland GP accused of rape, sexual assault and torture pleads for bail despite ‘disturbing’ allegations