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Earnings Analysis: 
Warehouse Group First-Half Profit Drops 24%
Author: Mayank Mehta
123jump.com
Last Update: 6:17 AM ET March 12 2009


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Warehouse Group Ltd first-half sales fell 2.9% to NZ$923.5 million and net profit dropped 24% to NZ$49 million.

 
10:00AM Auckland, New Zealand – Warehouse Group Ltd sales fell 2.9% and net profit dropped 24%.

Warehouse Group Ltd, New Zealand’s biggest discount retailer said first-half sales fell 2.9% to NZ$923.5 million. Net profit in the first-half dropped 24% to NZ$49 million compared to net profit of NZ$64.3 million, a year ago.

Warehouse Group Ltd, in the last one year traded as high as NZ$6.10 in April 2008 and as low as NZ$3.00 in September 2008. Based on the yesterday’s closing price of NZ$3.45 the company has market cap of NZ$1.07 billion.
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