Hallenstein Glasson Reports 6.3% Sales Growth and Strong Profit Increase

Hallenstein Glasson Holdings Limited (NZX: HLG) reported group sales of NZ$435.6 million for the year ending August 1, 2024, reflecting a 6.3% increase from the previous year. The company achieved a +200 basis point improvement in gross margin, contributing to a rise in net profit before tax, expected to be between NZ$51.5 million and NZ$52.5 million, up 14.5%. After-tax profit is anticipated to range from NZ$34.0 million to NZ$34.75 million, slightly higher than the prior year's NZ$32.0 million. This includes a non-cash deferred tax expense due to changes in tax legislation. Hallenstein Glasson maintains a strong balance sheet with robust cash reserves and well-managed stock levels. A full financial statement, including a dividend announcement, will be released on September 30, 2024.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com