Kathmandu lifts FY profit

Retailer to continue investment in systems infrastructure to grow online sales; expects solid earnings in FY14.

Kathmandu Holdings (KMD) will push ahead  with investments in infrastructure to expand its online sales and expects another solid earnings result in fiscal 2014, barring a deterioration of economic conditions, after lifting its full-year net profit.

In the year to June 30, Kathmandu's net profit was $NZ44.17 million, a 26.7% increase on the $NZ34.9 million in the previous year.

In the same period, revenue was $NZ383.989 million, a 10.6% lift on the $347.1 million recorded in 2012.

The group will pay a fully-franked final dividend of nine cents.