Business
Outdoor group Kathmandu says stores still closed due to virus – NEWS.com.au
Outdoor group Kathmandu says stores still closed due to virus
Kathmandus profit has plummeted by more than 80 per cent as key stores remain closed during the coronavirus pandemic. The outdoor clothing and equipment group, which also owns Ripcurl surf brand, has posted a net profit of $NZ8.1 million ($A7.5 million) for the 12 months ending July 1, an 85.9 per cent fall on the previous year.
Its earnings (EBITDA) fell 15.3 per cent to $NZ83.4 million ($A77.1 million) for the 2020 financial year.
Kathmandu said retail sales started to recover as restriction…
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