Hallenstein Glasson Reports Strong FY24 Results, Boosts Dividend

Hallenstein Glasson Holdings Limited (NZX: HLG) has announced robust financial results for the full year ending August 1, 2024, driven by improved gross margins and solid performance in the Australian market. The trans-Tasman clothing retailer posted a net profit after tax (NPAT) of $34.5 million, marking a 7.8% increase compared to the previous year. This result included a $1.1 million net non-cash deferred tax expense due to changes in tax legislation. As a result of its strong financial performance, the company declared a full-year dividend of 50.5 cents per share. Hallenstein Glasson’s earnings were near the top end of its forecast range, demonstrating its resilience and growth in a challenging retail environment.

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