Hallenstein Glasson Holdings Ltd. Reports Group Sales Results for the Year Ended August 1, 2012; Provides Earnings Guidance for the Year Ended August 1, 2012
The company provided earnings guidance for the year ended August 1, 2012. For the year, net profit after tax is projected to be in the range $20.4 million to $20.8 million. Included in pre tax earnings are insurance proceeds relating to the Christchurch earthquake of $1.9 million. The company expects underlying earnings from trading to be approximately 20% up on the prior year.