Kathmandu lifts first-half profit

Retailer expects Aust retail sector to be more challenging than NZ in FY.

Kathmandu (KMD) has posted a strong lift in first-half profit but warned the Australian retail sector will remain more challenging than its New Zealand counterpart in the full year.

In the six months to January 31, Kathmamdu posted a net profit of $NZ11.36 million, a 9.9% increase on the previous corresponding period.

Revenue was $NZ167.64 million, a modest 1% lift on the previous corresponding period's $165.92m.

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