Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Hallenstein Gains Most in Six Weeks as Profit Decline Slows

Sept. 26 (Bloomberg) -- Hallenstein Glasson Holdings Ltd. rose the most in more than six weeks in Wellington trading after the New Zealand clothing retailer said full-year earnings fell by less than it indicated in late May.

Net income fell 6.6 percent to NZ$18.3 million ($14 million) in the year ended Aug. 1, the Auckland-based company said in a statement today. That included a first-half profit decline of 17 percent, which Hallenstein in May said was a trend unlikely to be improved on in the full year.

The stock rose 27 cents, or 8.5 percent, to NZ$3.45 at the 5 p.m. market close, the biggest gain since Aug. 10. Earlier it rose as much as 10 percent.

A snap of cold weather in July boosted sales of winter clothing, reversing sales weakness caused by what had until then been unusually warm winter temperatures, Hallenstein said. Seven stores were also closed in Christchurch after an earthquake in February shuttered much of the central business district.

Group sales for the seven weeks since Aug. 1 are ahead of the year-earlier period, representing a “solid start to the year,” Chief Executive Officer Graeme Popplewell said in the statement.

To contact the reporter on this story: Tracy Withers in Wellington at

To contact the editor responsible for this story: Iain Wilson

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.