NEW ZEALAND: Hallenstein Chain Hit By Australian Results
Leading fashion retailer Hallenstein Glasson Holdings Ltd today cited relatively poor growth in Australia for a slight fall in first half profits to NZ$5.8 million (US$2.5m), In a statement, the company said total sales climbed 5.3 per cent to NZ$88.2m (US$38.9m) but revenues in Australia missed their targets as they only grew 3.4 per cent.
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