KMD Brands Fiscal H1 Loss Widens Despite Higher Revenue

MT Newswires Live03-25

KMD Brands (ASX:KMD, NZE:KMD) reported Wednesday that its loss per diluted share in the fiscal first half widened to NZ$0.03 from a loss of NZ$0.014 per diluted share a year earlier.

Analysts polled by Visible Alpha were expecting a loss per diluted share of NZ$0.0252.

Sales revenue for the six months ended Jan. 31 was NZ$470.9 million, up from NZ$468.6 million in the same period a year earlier. Analysts surveyed by Visible Alpha expected NZ$457.3 million.

The board did not declare a dividend.

The company's shares were down almost 3% in New Zealand in recent Wednesday trade.

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