Hallenstein Glasson Holdings Limited reported audited consolidated earnings results for the full year ended August 1, 2013. For the year, the company reported 11% fall in annual profit, near the bottom of guidance, as margins at its women swear Glasson unit came under pressure. Net profit fell to NZD 18.7 million from NZD 21 million a year earlier.

Sales edged up 2.10% to NZD 220.1 million. Operating profit was NZD 25,071,000 against NZD 28,301,000 a year ago. Profit before income tax was NZD 25,981,000 against NZD 29,301,000 a year ago.

Net surplus attributable to the shareholders of the holding company was NZD 18,669,000 against NZD 21,020,000 a year ago. Earnings per diluted share were 31.30 cents against 35.24 cents a year ago. Net cash flows from operating activities were NZD 21,818,000 against NZD 29,229,000 a year ago.

Purchase of sale of property, plant and equipment and intangible assets was NZD 8,446,000 against NZD 10,137,000 a year ago. Net tangible assets per ordinary share were 111.21 cents against 110.36 cents a year ago.