Hallenstein Glasson says preliminary figures for the six months to February 1 show sales up 30 per cent year on year to $223.3 million. 

In a trading update, the company said it expects tax-paid group profit to be in the range of $20.5 million to $21.0 million which would represent an increase of about 74 per cent over the comparable period last year, when it recorded $11.9 million.

“The above results are not directly comparable to the prior corresponding period as the group faced multiple store closures across Australia and New Zealand due to lockdowns for much of the first three months of the prior year,” group CEO Stuart Duncan said in a trading update issued Monday. 

“The balance sheet for the group remains strong and stock levels continue to be well controlled.”

Final figures will be released on March 31. Last year, the NZX-listed fashion retailer reported a 23 per cent drop in full-year net profit to $25.61 million, despite sales growth in the second half.