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.
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